Tag Archives: MOrtgage rates

FHA to Change Allowable Seller Credit Amount?

FHA will propose to reduce the maximum allowable seller concession from its current level to one more in line with industry norms. Continue reading

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Inflation and Interest Rates

inflation is a very serious issue, and it will likely be on the rise as 2009 proceeds…and along with it, home loan rates will rise too.
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First Time Buyer Tax Credit

Here is a link to the flyer New $8,000 Tax Credit for First-time Home Buyers- is set to end soon! Great news for first-time home buyers in 2009! The stimulus plan that President Obama signed into law contains a new … Continue reading

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06/29/2009 – Mortgage Bonds Get Support

The over supply I have been speaking of below and on the news tab is now seeing some demand. I hope it’s enough to lower mortgage rates further. China was a big buyer of our mortgages and had lost faith … Continue reading

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