First-Time Home Buyer Tax Credit expires December 1, 2009
The government’s First-Time Home Buyer Tax Credit expires December 1, 2009. If you expect to use the program in conjunction with a home purchase, therefore, you may want to consider yourself officially “on the clock”. Assuming a 60-day window between contract and closing, there are now 77...Foreclosures Still Concentrated In Just A Few States
Posted by yourmortgageplanner on Jul 18, 2009 in Credit Crisis TARP, Financial Awareness | 0 comments
Image by Getty Images via Daylife
For the fourth consecutive month, the country’s foreclosure activity was dominated by a small number of states.
As reported by RealtyTrac.com, more than 50 percent of the country’s foreclosure-related actions in June concentrated in just 3...
Correlation Between Gas Prices and Mortgage Rates
If you’ve been driving lately, you’ve noticed that the cost of a fill-up has gone down. According to GasBuddy.com, retail gas now costs $2.52 per gallon, on average nationwide. Since peaking in mid-June, gas prices are down 6 percent. For the economy, this is an important story. Because...Mortgage Rates – Weekly Forecast July 13, 2009
Mortgage Backed Securities slipped roughly .25bp (FNMA 30 YR 4.5%) today which translates into 1/8 decline in Consumer July 2009 Mortgage Rates. The small movement can be attributed the triple digit move in the DOW thanks to Financials. This week, rates should be in flux with traders watching 3 things. The...Mortgage Rate Week Review July 10, 2009 – (Chart)
