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How Interest Rates Affect Your Mortgage Payment
Let me give more support to the point that this is the best time to buy real estate in American history.
Category: Featured
What Happens when the Fed Exits the Market?
The Fed is scheduled to exit the housing market this spring. The Home Buyer Tax Credit ends on April 30, 2010 (the date the house must be in contract). The Fed has already announced that their program purchasing mortgage-backed securities will expire on March 31, 2010. Most anticipate a quick and dramatic rise in interest rates at the conclusion of that program.
Expect Interest Rates to Start Rising in 2Q 2010
The federal government hasn’t “supported the mortgage market so much as it has become the mortgage market” in the last 18 months. This isn’t conjecture… this is a direct quote from the Office of the Special Inspector General’s report on the TARP program. CLICK HERE to see/read that report.
Making Home Affordable Modifications Update: 650,000 get help
Some 650,000 troubled borrowers have been put into trial loan modifications under the president’s foreclosure rescue plan, the Treasury Department said Tuesday.
$8,000 homebuyers tax credit extended
President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday…