Company NMLS 1777223 |  Personal NMLS 256707  |  CA-DRE 02075839

Blog

Smart Appliances Get Smarter: Here’s What We Saw at the 2016 Consumer Electronics Show

Smart Appliances Get Smarter: Here's What We Saw at the 2016 Consumer Electronics ShowWith technology advancing at a mile a minute, the 2016 Consumer Electronics Show is a great place to see what’s new to the market and what will be sure to turn heads in the year to come. If you couldn’t make it to the show yourself but are curious about the highlights of the event, here are some of the hottest items in technology that appeared in Las Vegas this year.

Make It Molecular With A Spectrometer

Designed by Consumers Physics, the SCiO is a modern, small-sized molecular sensor that can give you volumes of information about your food that you’ve never had before. Instead of consulting the nutritional information, you can easily obtain all of the products contained in your food (or any other product, really) by simply pointing it at the item in question. This information will then be transferred to the product’s associated app for you to review.

Forgot To Lock? Grab Your Phone!

We’ve all experienced the fear here and there of thinking we forgot to lock the door, but with the innovative Kwikset Premis door lock, you can easily put this former fear to rest. Instead of having to rush home with key in hand, the Kwikset allows you to easily control its locking mechanism with a PIN number using your smart phone. So, the next time you’ve think you’ve forgotten to lock the door behind you, you can instantly access your smartphone and put your mind at ease.

Wake Up To Your Favorite Scent

Waking up is often associated with the uncomfortable sensation of a beeping clock, but with the Sensorwake the first few minutes of the morning don’t have to seem like such a chore. Instead of beeping, you can insert an aroma module into your Sensorwake that will release the scent you choose, whether it happens to be espresso, croissant or peppermint. If you don’t think this will be enough to wake you up, you can also arrange for an audible alarm that will come on a little bit later.

The Consumer Electronics Show in Las Vegas is one of the best events of the year for interesting, new technology, but if you missed it there are plenty of exciting gadgets that will soon be available on the market. 

Fed Policymakers Make Interesting Decision on Interest Rates

Fed Policymakers Make Interesting Decision on Interest RatesAccording to a press release by the Federal Reserve, the Federal Open Market Committee (FOMC), the current target federal funds rate will hold steady at  0.25 to 0.50 percent. Committee members cited positive developments in the U.S economy including jobs growth, stronger labor markets and gradually increasing inflation. In addition, stronger housing sector and household spending were also noted as positive signs for the economy. Committee members cited risks associated with global economic and financial developments as a concern.

FOMC members are guided in decision making by the Federal Reserve’s dual mandate of maximum employment and price stability. Inflation remains below the committee’s longer-term goal of 2.00 percent; FOMC members attributed slow inflation growth to lower energy prices. The Fed described its current monetary policy stance as “accommodative” and expects it to remain so until inflation reaches 2.00 percent.

Analysts said that the Fed has scaled back its forecast for rate increases from four increases to two increases in 2016, but any actions will depend on FOMC review of current and expected domestic and global factors. Fed Chair Janet Yellen previously cited turbulent market conditions as “significantly” tightening financial conditions due to lower stock prices.

Fed Chair  Janet Yellens Press Conference

Fed Chair Janet Yellen explained policy makers’ decision not to raise the target federal funds rate in a press conference after the FOMC statement. Chair Yellen responded to media representatives’ questions about FOMC’s views on inflation and unemployment, zero or negative interest rates and uncertainty about China’s economy

Ms. Yellen cautioned against over-emphasis of the relationship between unemployment and inflation as employment rates only modestly impacts tracking inflation indicators as they relate to wages and prices. In her remarks about the decision not to raise the target federal funds rate, Chair Yellen cited uncertainty about China’s economy as a factor in the decision not to raise the benchmark federal funds rate.

The U.S. economy is strengthening as Europe and Japanese economies wane. Chair Yellen indicated that although global economic decisions influence U.S. monetary policy, that U.S. decisions are not based solely on global economic and financial developments.

In response to a question about whether the FOMC has considered the effects of zero to negative interest rates used by Japan and other nations, Chair Yellen said that committee members were not actively considering or discussing negative interest rates in view of improving economic conditions. Ms. Yellen said that Japan incorporated negative interest rates but did not realize the desired effect of increasing inflation.

Media analysts said that a rate increase in April’s FOMC meeting seems unlikely, but with world-wide economic conditions changing quickly, such, forecasts can’t be cast in cement.

Understanding Mortgage Tax Benefits and How They Save You Money in the Long Run

Understanding Mortgage Tax Benefits and How They Save You Money in the Long RunIf you’re considering whether home ownership is the right decision for you, there are lots of different factors you’ll want to take into account. Do you want to keep moving around, or are you ready to lay down roots in a community? Are you prepared for the additional upkeep that home ownership requires?

But one of the big factors in home ownership that few potential buyers consider is the tax benefits of getting a mortgage. Although it may seem counterintuitive, getting a mortgage on a property that you own can reap lots of dividends come tax time.

So how does a mortgage work for you and help you keep more of your hard-earned money? Here’s what you need to know.

Mortgage Interest Deductions: How Your Mortgage Interest Saves You Money

If you’re a homeowner in the United States, your mortgage interest is tax deductible. The mortgage interest tax deduction was introduced in 1913, and is one of the longest standing and most used tax deductions out there. The deduction allows you to deduct all of your mortgage interest payments from your federal taxes.

But in order to deduct your interest payments, you’ll need to meet certain basic eligibility requirements. Firstly, you’ll need to file Form 1040 and itemize your deductions on Schedule A in order to be eligible. You’ll also need to be the primary borrower named in the mortgage – you can’t deduct interest on someone else’s mortgage, even if you’re the one making the payments.

And finally, you need to (at some point) make a payment on your home. Note that rental properties are not usually eligible for a mortgage interest deduction (though there are some exceptions).

First-Time Buyer? Mortgage Credits And Other Buyer Programs Keep More Money in Your Pocket

If you’re a first-time buyer (and even if you’re not), you’ll have access to a variety of new buyer incentives and mortgage tax credits that other buyers don’t receive. Firstly, as a first-time buyer, you’re able to take out $10,000 from your traditional or Roth IRA at any point during your lifetime – without paying the 10% penalty for withdrawing early. There are also several credit programs for buyers, including the Residential Energy Credit, which gives you up to $500 toward any home improvement project or equipment purchase that makes your home more energy efficient.

It may seem like getting a mortgage is a great way to spend money, but it’s also a great way to save money through various government tax programs and rebates. To learn more about the various tax credits and incentives available for home buyers, contact your local mortgage professional today.