Home Buyer Tax Credit, 60 days left. 0
The count down to the government tax credits only gives 60 days left until a sales contract needs to be completed by April 30th. Do you have a chance at part of this credit? Have you already bought a house and looking for this tax form from my previous blog? Well, lets take a look at some of the things you need to know that is happening right now in the real estate and mortgage market.
1. New revised tax from so you can clam all these home buying credits, just click here.
2. Condo’s and FHA financing — right now these are like oil and water, but thankfully you are reading this blog. After Feb. 1st FHA changed their guidelines for financing on condo’s. So, this will put some bumps in the road right now, but give it about 6 months and most of the condo projects will be approved for FHA financing if a project goes through this process. Want to know more, just let me know and check out my previous post for these changes. Thankfully some people have come up with a streamline process and it all comes down to who you work with so choose your lender wisely.
3. March is the end of the first quarter of 2010 and the Treasury will be ending part of the stimulus of buying T-Notes which has been one factor that has been keeping rates low, 1.25 Trillion dollars go a long way. The expected jump in rates from the end of this stimulus range from .50% to 1% jump in rates. Again, there are many other factors that go into determining rates but this is a big factor! This was brought up at my previous post rates will rise 2010.
I hope this information is helpful, especially in this ever changing market. If you had questions about any other topics, let me know.
As always, have a glorious day! 
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