"U.S. Mortgage Rates Fall for First Time in Four Weeks"
See full article here:
http://www.bloomberg.com/apps/news?pid=20603037&sid=acRxZuA0m8yE
FIRST TIME HOME BUYER CREDIT as written:
Unanimous approval in the Senate and Supposedly going to the House today:
High Points if passed as written:
Credit will now be up to $8,000, and also offer a NEW one, a credit of up to $6,500 for SOME existing homeowners
This new reduced credit would be available to all homebuyers who have been in their current residence for a consecutive five-year period in the past eight years.
NEW higher qualifying income limits are up to $125,000 for single taxpayers and $250,000 for joint taxpayers
The maximum allowed home purchase price would be $800,000
The home buyer must have a sale agreement in hand by April 30 which must close by June 30, 2010
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