BUYERS CONTINUE TO BENEFIT FROM LOW PRICES AND LOW INTEREST

HOME BUYERS CONTINUE TO BENEFIT FROM LOW PRICES AND LOW INTEREST

As we enter 2010 Home Buyers continue to benefit from low prices and low interest rates. 

There appears to be some stabilization of the prices on houses for sale, in Southern MD.  The prices  still make First Time Home Buying accessible to many.  The First Time Home Buyer can benefit from the $8000 Tax Credit through June 30, 2010.  Other qualified home buyers can benefit from up to $6,500, also through June 30, to move up or buy a second home.  BUT don't forget contracts must be in effect by April 30, 2010.  April 30 is not far away!  If you seriously want to benefit from low prices and low interest rates you should start looking NOW!

The Feds Mortgage Backed Security (MBS) Purchase Program is coming to an end on March 31, 2010. This program has helped keep home loan interest rates low for much of last year.  The low interest rate for home buyers may begin to rise, or the Feds may again extend the program. 

Check Margaret C's website for a Mortgage Calculator.  Use it to compare your mortgage payment at 5.5% and 6%!  How much do you want to pay?!

HOME BUYERS CONTINUE TO BENEFIT FROM LOW PRICES AND LOW INTEREST

 Margaret C. Taylor SFR CDRS Century 21 New Millennium Real Estate Agent, Lexington Park, St Mary's, MD

Serving: Lexington Park, Great Mills, California, Hollywood, Leonardtown, Mechanicsville, Charlotte Hall, Piney Point, Valley Lee, Callaway, Lusby, Solomon's Island , et al.