Home Sales on Fire as Mortgage Rates Simmer

A healthier economy, rising home values and a more steady stock market have collectively led to a change to 20 percent down payments for most second home borrowers. But what about the interest rates for a second mortgage? Interest rates have normally been higher for mortgages on second homes.

Most people won’t have to pay capital gains taxes on the sale of their primary home, thanks to generous federal exemptions. If you do have to pay such capital gains taxes, they are charged at the.

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