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Showing posts with label Tax Credit. Show all posts
Showing posts with label Tax Credit. Show all posts
Sunday, May 2, 2010
The Tax Credit Has Ended.
We'll update you shortly on how this has affected mortgage applications and the purchase market.
Thursday, April 29, 2010
Home Buyer Tax Credit Ends Tomorrow
The home buyer tax credit ends tomorrow. Many thought that the tax credit would be extended. Unfortunately, it was not. Home buyers have been rushing to beat the dead line in hopes of receiving a $8,000 tax credit. Some experts believe that home prices will drop without the tax credit. Additionally, rising mortgage rates may also negatively affect the housing market as well. In all, home prices are still relatively low compared to the last 5 years and mortgage rats are still at all times lows.
Thursday, April 22, 2010
Mortgage Applications Rise
Mortgage applications rose by the most in the past seven weeks as the home buyer tax credit helped spark the biggest rise in purchases since January. Expect mortgage applications to fall once the tax credit ends.
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About Me
I'm a licensed mortgage professional that has been helping borrowers for the past 8 years refinance and obtain mortgages for new homes. I enjoy providing helpful mortgage information to people interested in financing their home. Feel free to contact me with any questions about your mortgage situation.
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