Home buyers need to pay attention to two important dates.
April 30, 2010 is an important date for First Time Home Buyers and Move Up Buyers.
First Time Home Buyers and Move Up Buyers need to be aware that the tax credit available for these groups will expire shortly. In order to qualify for the tax credit you must be under contract to purchase a home by April 30, 2010.
The tax credit will expire this year and most likely not be extended.
March 31, 2010 is another date potential home buyers need to pay attention to. On this date the Federal Reserve will stop buying mortgage-backed securities from Fannie Mae and Freddie Mac. Speculation regarding this action is that interest rates will begin to rise from that point forward making the purchase of a home more costly.
If you are presently in the market to purchase a new home it's important that you keep these dates in mind.
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