Mortgage Rates April 15, 2009

Mortgage Rates ended the day without a change, after an early afternoon scare.  Rates worsened earlier today as the FNMA 30 YR 4% MBS fell 21bp.  Rates stabilized as the MBS regained its foothold to close the day where it opened.  In other Real Estate news Obama’s Loan Modification program is now in...

Update On 2009 First-Time Homebuyers Tax Credit

Rer IRS Website: This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase...

Mortgage Rates April 13, 2009 – Rates Improve

What a great way to start the week. Mortgage Rates improved today, with an increase in MBS. After a light data week last week, data returns. Tuesday, we’ll get a look at Retail Sales.  Because consumer spending accounts for two-thirds of the economy, a lower-than-expected figure for Retail Sales...

Obama Wants YOU To Refinance or Purchase!

With Historic rates and considerable amounts of stimulus, now is the best time to refinance or purchase.  If you need ONE good reason; rates probably won’t be this LOW ever again, or for a long time as we brace for massive amounts of inflation. Lock in NOW.  Price your loan in REAL Time Mortgage Rates...

Social and Micro Lending

You’ve probably heard of social networking sites like MySpace and Facebook, but have you heard of social lending sites? Over the past few years, several websites have sprung up that combine features of the omnipresent social networking sites, and commerce sites like eBay®. These sites allow...