2019 Tax Payment Extension Announced

Steven Mnuchin, US Treasury Secretary, announced in a press conference today the IRS will move to allow a no-penalty, no-interest, 90-day extension for 2019 Federal tax payments. This means those who owe money to the IRS will have until July 15th to submit payment. While a federal payment extension has been announced, it is still a requirement to file returns by April 15th. As of today, no changes for the State of Iowa deadline have been announced.

Should I Refinance My Mortgage?

Mortgage rates dropped to all time lows earlier this month. The average 30-year mortgage rate is 3.36% and the average 15-year mortgage rate is 2.77%, according to the FreddieMac weekly report published March 12, 2020. Refinancing your mortgage may be a good idea, if one or more of the following apply in your situation: the interest rate of your current mortgage is around 4% or higher your mortgage has an adjustable rate you have been paying private mortgage insurance (PMI) and your loan value is less than 80% of your home's appraised value Contact our office today to discuss whether refinancing is a good option for you.

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