Hey! Have you heard the good news? The President has signed a bill that extends the First Time Homeowner Program. The new expiration date is April 30, 2010. Read some of my earlier blogs to understand this program.
Other good news is that interest rates continue very favorable to first time buyers or anyone who does not qualify for that particular program. Although the Federal Reserve does not control mortgage rates this institution does influence them with its monetary policy. The latest issue of the Economist Magazine, Nov. 5th, says the Fed "...reiterated its intent to keep rates 'exceptionally low' for an 'extended period." That is good news for home buyers and sellers.
Saturday, November 7, 2009
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