February 2010 - Posts
Just how high rates will go, however, and when they’ll start to move, isn’t yet clear. Lawrence Yun, chief economist for the National Association of Realtors (NAR), says 30-year fixed rates are “rock bottom” and simply cannot stay
Read More...
The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers ( existing home owners) purchasing a principal residence after November 6, 2009 and on or before April
Read More...
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009
Read More...
The bond market rallied this week, long-term rates falling, unfortunately in response to lousy economic news. Lowest-fee mortgages fell to 5.00%, and the 10-year T-note has approached its next key level, 3.60%. Every item in this grim litany was forecast
Read More...