homebuyer tax credit: House Passes Extension of Tax Credit Closing deadline
- 06/29/10 11:56 AM
Great news House Passed the extension of the Home buyers Tax Credit today. By a margin of 409-5, the House of Representatives today passed a bill (H.R. 5623) that would extend the closing date for the first time homebuyer tax credits by three months to September 30, 2010. The Senate could vote on the bill as early as tomorrow. … (4 comments)
homebuyer tax credit: Senate Voted to Extend Homebuyer Tax Credit
- 06/17/10 04:44 AM
The Senate voted Wednesday to give homebuyers another three months to settle on their contracts and take advantage of a popular tax credit that sparked a rush of activity in the housing market. The Senate, with a vote of 60-37, accepted an amendment by Democratic Leader Harry Reid that extends the closing deadline to Sept. 30 for buyers who met the April 30 deadline to have a signed contract. The current deadline requires buyers to close by June 30 to get the $8,000 tax credit for first-time homebuyers. Existing homeowners buying a new primary residence are eligible for a $6,500 credit. Reid offered … (0 comments)
homebuyer tax credit: Congress looking to Extend Home Buyer Tax Credit
- 06/16/10 11:54 AM
For those of you who have clients who are in contract on a property that was signed by April 30th you may be in luck if you are cutting it close to the June 30th deadline for the tax credit. Congress is considering an extension of the Home Buyer Tax Credit for those that are having trouble ( usually by no fault of their own) closing by the end of June. This would be a huge relief for many borrowers and real estate agents who are having trouble because of a long drawn out short sale negotiations and issues on bank owned … (2 comments)
homebuyer tax credit: Are interest rates on the rise soon?
- 03/29/10 10:09 AM
The biggest question I get is where are interest rates headed? Well I believe they will start to gradually increase soon. There are a few reasons for this but the biggest is the Fed will soon stop their mortgage backed security buying program and start to sell them. This will push rates higher. In fact Ben Bernanke talked about this last week. I do believe that many people will regret waiting to better their financial situation for the long term if they don't act soon. So far inflation has been subdued but how long will this last? Eventually with all the … (4 comments)
This is my blog all about the world of Mortgages and financing.
I will cover a variety of topics from what is happening in the current housing and mortgage market to how this affects you and your finances and what you can do to put yourself in a better situation financially.
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Dan Chapman
Great news House Passed the extension of the Home buyers Tax Credit today.
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