Tax Benefit Prop 60Homeowners Age 55 Plus Tax Benefit Prop 60 - For Homeowners Age 55 Plus Tax Benefit Prop 60 is a constitutional amendment that the voters of California approved it in 1986. Prop 60 allows a home seller to transfer their existing Prop 13 base-year value from the home they're selling to their replacement property in the same county. Homeowners may take advantage of this one-time tax benefit it they meet all the following qualifying conditions, may be not limited to, please see tax assessor directly for up-to-date information. As of the date of the transfer, the seller or spouse must be at least 55 years of age.The sold property must have been eligible for the Homeowners' exemption or entitled to the Disabled Veterans' Exemption.The property sol...
Mortgage Rates Largest One-Week Drop in 10 Years Mortgage Rates Largest One-Week Drop in 10 Years March 28, 2019, Freddie Mac announced the results of its Primary Mortgage Market Survey. The PMMS reported that the average 30 year fixed rate mortgage dropped by 22 basis points making it the largest one-week drop in 10 years. 30-year fixed rate mortgage averaged 4.06%down from last week at 4.28%last year at this time at 4.40% 15-year fixed rate mortgage averaged 3.57%down from last week at 3.71%last year at this time at 3.90% 5-year Treasury-indexed hybrid adjustable rate mortgage averaged 3.75% down from last week at 3.84%last year at this time at 3.66% Source: Freddie Mac
Facebook Charged with Housing Discrimination Facebook Charged with Housing Discrimination The United States Department of Housing and Urban Development (HUD) announced on March 28, 2019 that they will be charging Facebook with violating the Fair Housing Act. As stated in their announcement, HUD claims that Facebook’s advertising platform encourages housing discrimination. These charges are a follow-up to their investigation of a Secretary-initiated complaint which was filed in August 2018. HUD’s allegations state that Facebook discriminates based on race, color, national origin, religion, familial status, sex, and disability by restricting those who will see housing related ads on Facebook. HUD claims that Facebook collects specific
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