As of today, here are a few items to keep top of mind as you move into April.
Important things:
1. FHA Loans after April 5 require 2.25% upfront MI instead of 1.75%
2. Proposed Change by HUD for FHA is the 6% Seller Contribution to be dropped to 3%. This is being considered but not official.
3. Fed is getting ready to finish buying 1.25 Trillion in MBS's this month = Rates could climb
4. USDA Funds are scheduled to run out at the end of April, 2010
5. Federal Tax Credit ends at the end of next month: $8,000 FTHB and $6,500 Move-up buyer - Must be in contract by April 30
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