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First Time Home Buyer Tax Credit Extended…

IT’S OFFICIAL!!!!…. THE TAX CREDIT HAS BEEN EXTENDED AND EXPANDED Well…almost…  (President Obama still has to sign it, which he will) Per Martin Straka, Mortgage Loan Officer with Bank of America:  On Thursday afternoon (11/5/090 the House of Representatives voted to pass the legislation extending the Tax Credit and Unemployment Benefits (HR 3548).Homebuyer Tax Credit:  […]

Home Buyer Tax Credit Ends Dec 1st

Did you know that the Home Buyer Tax Credit can now be used for closing costs with FHA-approved lenders? But “first-time home buyers” only have until December 1, 2009 to purchase their principal residence to take advantage of the credit. The National Association of Realtors (NAR) has a very valuable website: http://www.housingmarketfacts.com/ with easy to understand question and answers […]

New Jersey Mortgage Rates Plunge

Finally, some good news for New Jersey home buyers near the Midtown Direct Train line. In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% […]