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best new car loan interest rates
U.S. Homeowners Oppose Proposal To Replace Home Mortgage Interest Rates Deduction With 15% Tax Credit
Only six percent of homeowners said they favored the proposal. The remaining nine percent said they were undecided. In addition to replacing the home mortgage interest deduction - an important component of the U.S. tax code since 1913 - the Advisory Panel would eliminate deductions for state and local taxes, including property taxes; eliminate interest deductions for home equity loans and second homes; and eliminate the Low Income Housing Credit. "Our survey represents a random sampling of homeowners," said Michael Bearden, president and CEO of HouseHunt-Inc.com. "While not scientifically designed, we feel that our survey results accurately reflect homeowner sentiment." Bearden also pointed to a national survey conducted earlier by RT Strategies on behalf of the National Association of Home Builders. That survey found that 68% of respondents said they want to retain current homeowner deductions." In late October, the million-member National Association of Realtors launched an aggressive advertising and public relations campaign to convince members of Congress and the leadership of key congressional committees to oppose the Advisory Panel's recommendations. The real estate industry trade association predicts that home prices, particularly in high cost areas, could decline as much as 15% if the proposal is adopted. Eight members of the House Ways and Means Committee recently sent a letter to Treasury Secretary John Snow urging the Bush Administration to reject the Advisory Panel's proposal. One of the committee members, Rep. Jerry Weller (R-IL), said that a typical middle-class homeowner in his state would see a tax hike of $2,000-$2,500 under the proposal.
For additional information on HouseHunt, Inc., and the products and services it provides, please visit the HouseHunt-Inc.com corporate website.
About the author:
Monte Helme is a national public relations consultant with HouseHunt, Inc. Visit HouseHunt.com's real estate page to search homes for sale or find out what is your home worth at moveUP.com.
More Useful Resource and Updates on best new car loan interest rates
- Home owners have been cut some slack (Mudgee Guardian)
Mortgage holders in Mudgee are expecting to save about $50 per month on the cost of an average home loan after this week?s interest rate cut.
- (AFX UK Focus) 2008-09-02 05:57 Westpac to cut variable home loan rate by 0.25 pct (Interactive Investor)
SYDNEY, Sept 2 (Reuters) - Westpac Banking Corp , Australia's fourth-biggest lender, said on Tuesday it would cut its standard variable home loan rate by 0.25 percent after the central bank cut official interest rates by similar margin.
- Home loan troubles break records again (AP via Yahoo! News)
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
- Home-loan troubles break record again (Seattle Times)
A record 9 percent of U.S. homeowners with a mortgage were either behind on payments or in foreclosure at the end of June. Washington state's troubled-loan rates remain low, although there are modest signs they are growing.
- Home foreclosures reach record high (Washington Post)
NEW YORK (Reuters) - Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
- Jobless rate jumps to 5-year high of 6.1 percent; home loan troubles break records again (The Standard-Times)
WASHINGTON ? The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.
- Money Panel: Home loan better than 403b variety (The Salinas Californian)
QUESTION: In October 2007 I took out a loan from my 403b for $50,000 at 9.25 percent interest. The repayment is through payroll deduction at $462 every two weeks for five years. The loan payments are repaying my 403b plan, including interest, with after-tax dollars. But I understood the repayment would come from pre-tax dollars, because the payments go back into my 403b account. In fact, the ...
- Maybank Singapore Launches Special Home Loan Packages (Bernama)
SINGAPORE, Sept 6 (Bernama) -- Maybank Singapore has launched two special promotions for home loan customers to mark the banks 48th birthday and also the 48th year in which the branch has made its home here.
- MAYBANK SINGAPORE LAUNCHES SPECIAL HOME LOAN PACKAGES (Bernama via Yahoo! Malaysia News)
SINGAPORE, Sept 6 (Bernama) â?“ Maybank Singapore has launched two special promotions for home loan customers to mark the bankâ?™s 48th birthday and also the 48th year in which the branch has made its home here.
- Commonwealth Bank cuts home loan interest rates by 0.25% (Thaipr.net)
The Commonwealth Bank announced that it was cutting its variable rate home loan interest rates by 0.25% pa. The new rates will be effective from Monday 8 September 2008 for new and existing customers.
- Cars.com: Car Financing Advice | Finding the Best Financing Deal
New car rates are oftentimes the lowest. Loan term length. ... an average interest rate of 5.91 percent for 36-month new-car loans, while the ...
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Your Best Interest Report. Expert rate commentary: Mortgage rate analysis ... National rates: Auto loans. Select a car loan: National rates: Home equity ...
- Bankrate.com
Provides rates for mortgages, consumer loans, savings accounts, and credit cards.
- Check best New car loan
... low South Carolina interest rates on home loans for residential and investment real estate. ... Jersey Tuesday New car loan QUOTES AND ADVICE on Fixed Rate ...
- Car Loans. Best loan, car loans for new and used cars | HSBC Australia
Car Loan Interest Rates. CAR LOAN AMOUNT $5,000 - $14,999 $15,000 - $29, ... Comparison interest rate based on term of 5 years and loan amount of $25,000 ...
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