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first time home buyers: Obama's extended first time home buyer tax credit - 11/06/09 12:54 PM
Obama's extended first time home buyer tax credit was passed just moments ago!!!  There have been a few enhancements to the first time home buyer incentive program.  The Home buyers Tax Credit jumped its last hurdle yesterday, as the both the House and the Senate have passed the bill and it now has received the official signature President Obama!  The House voted 403-12 after the Senate unanimously approved the measure Wednesday night.  The president also signed the bill that will extend unemployment benefits.
And while we have been expecting this to happen for some time and have given you many details, … (1 comments)

first time home buyers: H.R. 3590: Service Members Home Ownership Tax Act of 2009 Passes in House! - 10/16/09 12:06 PM
 
Via Greg Saunders (RE/MAX Around Atlanta):
    Hey Peachtree City...The House just passed the bill introduced by Rep. Charles   Rangel (D-NY) to extend the $8,000 First-Time Home Buyers credit to Members of the Armed Forces and certain other Federal employees until November 30, 2010.  The Bill passed unanimously and will now go to the Senate where it is also expected to pass with ease. 
The Bill also amends the Internal Revenue Code and exempts those service personnel from having to pay back the credit should they be deployed for extended duty service. 
So what about the extension of the First-Time Home … (0 comments)

first time home buyers: Rates rally into the holiday! - 11/25/08 03:10 PM
Mortgage rates fell today by roughly 1 half percent.  Here is a quick update on rates.
Conventional 30 year fixed = 5.25%
FHA 30 year fixed = 5.5%
USDA 100% rural 30 year fixed loan = 5.5%
 
Hopefully, this rally will continue into next week.  The fed has not even begun to purchase Fannie and Freddie's $100 billion in debt or the $500 billion in mortgage backed securities.  So far, rates have fallen with no action.  I am curious to see where rates head next week. 
Everyone have a Happy and SAFE Thanksgiving!
Best Wishes,
Justin Messer
… (3 comments)

first time home buyers: New First Time Home buyer incentive from the new "Housing and Economic Recovery Act of 2008-HR3221" - 08/06/08 11:55 AM
The US Government just passed the Housing and Economic Recovery Act of 2008-HR 3221. One of the great items of this act benefits first time home buyers. First time homebuyers (those who have not owned a primary residence for 3 years prior to their home purchase) who purchase their home between April 9, 2008 and July 1, 2009 will be eligible for the tax credit. Singe taxpayers with modified gross incomes up to $75,000 and married taxpayers with a joint modified gross income of up to $150,000 are eligible for the full $7500. Above those incomes, the tax credit begins to … (7 comments)

 


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