Tax Credit Dates for Veterans Until 2011
When HR 3548 – Tax Credit Extension for First Time Home Buyers and Repeat Buyers was extended, there was a special rule included for members of the Armed Forces.
Who Qualifies:
What They Get:
Thanks to all folks serving our country. This is the least we can do for your service, especially if you are trying to become a home owner!
This is a great list to be excluded from too!
What list am I speaking of? It’s an article from Forbes online: America’s Worst Selling Housing Markets.
The one’s that did make the list are as follows:
Couple notes on the list from Forbes. The cities were ranked according to the biggest increases in inventory and the largest decline in home sales during the fourth quarter of 2009. Two cities, Nashville and Detroit, were excluded because there wasn’t enough sales data. New York and San Francisco made the list primarily because they don’t have large numbers of single-family homes compared to condominiums.
Even if you have no intention of selling your home this year, regular maintenance is essential for preserving your home’s appearance and value. If you do plan to sell, your well maintained home should fetch a higher asking price while avoiding last minute repairs before closing.
This spring, concentrate on these important fix-ups:
Most of this routine maintenance can be done yourself. However, if you find yourself in need of a handyman whether it be lack of expertise or time, send me an email and I get you a referral. You can also use Angie’s List to find a reputable handyman.
I know, cheesy headline but c’mon. Look at the chart above. See that last big Red Bar on the right? That represents the price drop in the 4.5 FNMA Mortgage Coupon. Too technical? Just know that if a price of a bond goes down, the yield or interest rates that is passed on to borrowers is higher. So, the more and bigger the red bars you see, the worse rates get.
This is a significant argument that the FED MBS purchase program that was announced in Nov 2008 had a definite impact on mortgage rates. Most experts agree the FED intervention affected rates by over 1% If that’s true, then rates could be headed up over 6% in short order. They spent $1.25 trillion on the program, affected the range by 1.75 (6.25% – 4.5%) and rates changed up to 5 times per during the program term Nov 2008 to March 2010.
During the timeline outlined above, rates were on a nauseous roller coaster ride. The above chart is a snapshot of the market in real time. Most consumers don’t have access to this info, but a good loan officer does, at least they should. If you are out rate shopping in Oregon or Washington for a home loan, I am an active loan officer and if you have questions about rate volatility, when to lock or other mortgage related questions, give me a call or send me an email.
“Unleash The Cracken”! — Zeus