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Designers go beyond television hype  Need some advice on organizing your home office, faux finishing a wall or expanding the size of your master bedroom? Help is at hand.read more...


Government criticised over jump in inflation rate  The Government is coming under fire from opposition politicians and business groups today following another rise in Ireland's inflation rate.read more...


U.S. mortgage rates tumble near two-year lows (Market Watch)  CHICAGO (MarketWatch) -- U.S. fixed mortgage rates dropped near two-year lows in the week ending Thursday as data showing that housing market remains moribund helped keep interest rates in check,


2008 Mortgage Business to Decline 18 Pct (AP via Yahoo! Finance)   The nation's more than $2 trillion home mortgage business won't halt its current slide anytime soon, with mortgage originations expected to fall 18 percent next year and decline another


Morgan Stanley says sells Russian mortgage business (Reuters via Yahoo! Singapore News)  MOSCOW, May 26 - The Russian subsidiary of Morgan Stanley said on Monday it plans to sell its mortgage lending unit.read more...


Middle class taxpayers feels the sting (Reg Req'd)  Homeowners across Tompkins County are feeling pain. As we open our new payment books from the bank and see what our new, horrifying mortgage payment will be, we have to

March 20th, 2006

Can I deduct the cost of refinancing my mortgage? (Louisville Courier-Journal)

A: Closing costs such as appraisal fees aren’t deductible. But “points” paid as part of refinancing can be deducted. For a refinanced mortgage, the interest deduction for points is determined by dividing the points paid by the number of payments to be made.

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