Why You Shouldn't Put Too Much Faith In October's Case-Shiller Index - 12/30/10 03:24 PM
The Case-Shiller Index posted awful numbers in its most recent reading. Each of the index's 20 tracked markets showed home price deterioration between September's and October's respective report. Some markets fell as much as 2.9 percent.
The drop in values is nothing about which to panic, however. The Case-Shiller Index is just re-reporting what we already knew. It's a common theme with the Case-Shiller Index, actually; a trait traced to the report's methodology.
The Case-Shiller Index is an imperfect housing indicator with 3 inherent flaws.
The first flaw is that the index makes use of a limited data set, tracking values in … (0 comments)

Real Estate and Mortgage Predictions for 2011 - 12/29/10 12:36 PM
With 2010 coming to a close, the "experts" are out in full force, making predictions for next year's housing and mortgage markets on business television and in the papers.
Predictions for 2011 are wide-ranging:
Some say home prices will rise in 2011 Some say home prices will fall in 2011 Some say mortgage rates will rise in 2011 Some say mortgage rates will fall in 2011 The problem with housing and mortgage predictions is that -- like all predictions -- they're just educated guesses about the future. Nobody knows what will really happen with the housing and mortgage markets in 2011. … (0 comments)

New Home Sales Rise In November; Hint At Strong Winter 2011 - 12/28/10 01:48 PM
Like most housing data in November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling. According to the U.S. Department of Commerce, sales of new, single-family homes increased to 290,000 in November on an annual basis, a figure equal to the New Home Sales 6-month rolling average, and a 6 percent improvement from October.
At the current pace of sales, the national supply of new homes for sale will be exhausted in 8.2 months -- a strong 0.6-month improvement from October.
This data is consistent with the most recent Existing Home Sales report. … (0 comments)

Boost Your 2010 Tax Deductions By Making Your January Mortgage Payment A Little Bit Early - 12/13/10 01:20 PM
Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.
It's a simple strategy that works because of how mortgage interest works.
Unlike rent which is paid in advance at the start of a month, mortgage interest is only paid after it's been borrowed. Your January mortgage payment, therefore, accounts for the interest that accrued in December.
And for a lot of Idaho homeowners, that mortgage interest is tax-deductible.
By making January's mortgage payment in December, eligible homeowners can apply the interest paid to 2010′s tax returns instead of waiting to claim the same … (1 comments)

Mortgage Interest Deduction Pays Dividends for Home Owners - 12/06/10 06:36 PM
Although recent reports of plans to eliminate or modify the mortgage interest deduction are widely exaggerated, the National Association of Realtors® will remain actively engaged to ensure that the nation's 75 million home owners will continue to receive this important benefit.
The Deficit Reduction Commission has released its recommendations toward reducing the U.S. deficit, which include modifying a number of popular tax breaks, including the mortgage interest deduction. President Obama created the 18-member, bipartisan commission earlier this year to identify ways to balance the budget by 2015. The commission does not have any legislative power, and Ada County Association of REALTORS … (0 comments)

 
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Dean Tucker (Mortgage Banker)

Boise, ID

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Dean Tucker Benchmark Mortgage - Prime Equity Group

Address: 2535 W State Street, Boise, ID, 83702

Office Phone: (208) 287-1717

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