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What are the potential home equity and tax strategies for wealthy seniors?

Housing Wire

Seniors could choose to employ home equity through a reverse mortgage or other equity-tapping product to manage a series of expenses in retirement , but when it comes to managing their tax burden , it can get more complicated. One option is using home equity to fund a Roth IRA conversion, shielding wealth from higher rates in the future.”

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I I think the three most important factors driving sentiment and action next year are going to be supply, demand and mortgage rates.”

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What the Biden tax plans mean for the housing market

Housing Wire

An industry concern during the debate on the bill related to a provision which would have eliminated the tax deferral on the creation of mortgage servicing rights (MSRs). There was also no mention of changes to individual provisions (including the lowered MID cap and the SALT limitation) from the TCJA that will sunset after 2025.