Real estate blog entries tagged with lock in your mortgage rate now by Phyllis Lerner, Realtor - Broker / Owner - Westchester County NY (William Raveis Legends Realty Group LLC)

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Home : Blogs : Phyllis Lerner, Realtor - Broker / Owner - Westchester County NY : Westchester County NY Real Estate Blog : Tag "lock in your mortgage rate now"

lock in your mortgage rate now: Lock In Your Mortgage Rate NOW... - 01/28/12 01:37 AM

Congress voted at the end of December 2011 to extend the payroll tax deduction discount which is part of the "Tax Relief, Unemployment Insurance Re-authorization and Job Creation Act of 2010". This move continues the 2% cut for two more months by extending the act through the end of February of 2012.
In order to pay for the $33 billion cost of this program Congress is requiring Freddie Mac, Fannie Mae and the FHA to increase their loan fees, essentially leaving newly to be home-owners to foot the bill.
Borrowers will have to pay now rates that are about .375% to .5% higher for conventional mortgages and also higher … (5 comments)

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Phyllis Lerner, Realtor - Broker / Owner - Westchester County NY

Tarrytown, NY

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William Raveis Legends Realty Group LLC

Address: William Raveis Legends Realty Group, 37 Main Street, Tarrytown, NY, 10591

Office Phone: (914) 332-6300

Cell Phone: (914) 438-7556

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