Cannot stress enough the benefit of this tax credit until April 2010. Not only does it give some first-time buyers more hope, but also it allows these first time homebuyers and move up or move down borrowers the opportunity to take advantage of these low interest rates.
How long are we going to see these rates in the 5% range? Seriously, the weakening dollar will need to be strengthened to shrink our huge trade deficit. That will bring rates up. How long can the government continue to invest in these Mortgage Backed Securities? How solvent will FHA be in the future?
These are all serious questions that need to be addressed here, and NOW is the time to act to take advantage of this tax credit.
Anybody and everybody needs to spread the word that people need to take advantage of this credit because it will NOT get extended beyond April.
This is exactly what we need to help our industries and to help boost this economy.
Thank you again for your business
Sincerely,
Paul W. Thompson
Home Mortgage Consultant
Wells Fargo Home Mortgage
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