Per an article published by FAR (FLORIDA ASSOCIATION OF REALTORS®):
New law gives first-time buyers $7,500 tax credit... Tell first-time homebuyers it’s time to commit:
A provision of the recently-passed federal housing recovery bill gives first-time buyers an interest-free loan of up to $7,500 in the form of an income tax credit.
The credit equals 10 percent of a home’s cost up to $7,500, and applies to any single-family residence (including condos and co-ops) to be used as a buyer’s principal residence. Read the full article here.
Other news Freddie Mac reported Thursday that the nationwide average for 30-year mortgages dipped to 6.52 percent this week, down from 6.63 percent last week. Read the full article here.