Senate Debates Extending First Time Buyer Credit
October 29, 2009 by admin · View Comments
Bloomberg.com reports that the Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market. Senate Democrats have announced plans to extend the credit until April 30, 2010, while expanding it to include higher-income Americans and some who already own homes. Senate Finance Committee Chairman Max [...]
Mortgage Rates Rise – HASP Program Fixed?
June 2, 2009 by admin · View Comments
Freddie Mac reports that interest on most long-term mortgages rose this past week. According to the firm, 30-year fixed loans came in last week at an average rate of 4.91 percent, up from 4.82 percent a week earlier; while 15-year fixed mortgages settled at 4.53 percent compared to 4.50 percent over the same period. [...]
