Currently viewing the tag: "First Time Home Buyer"

30 Year v. 15 Year – Today’s Rates

On September 1, 2011 By

Freddie Mac’s Weekly Primary Mortgage Market Survey () was released this morning. 

As we were talking about last week, we have an unprecedented spread between the 30 Year and 15 Year mortgages.  In the past week, the 30 Year held at 4.22%, the 15 Year ticked down [...]

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Today's Mortgage Rates And Armchair Meteorology

On March 18, 2011 By

This week’s mortgage rates from Freddie Mac put the 30 Year Fixed at a national average of 4.76%, down from 4.88% the week prior.

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$8,000 Homebuyer Tax Credit Still Exists For Military Members

On March 7, 2011 By

While the first time home buyer tax credit is a distant memory to most, there are certain groups who can still use the program.

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New Home Sales Rise In November

On December 28, 2010 By

As we move into 2011, housing is looking increasingly solid. Sales in all categories are improving over the past six months. Coupled with rising interest rates, it appears that buying a home in early 2011 will be cheaper than waiting until after the snow has melted.

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May 2010 Existing Home Sales: Better Than The Headlines Suggest

On June 23, 2010 By

The Existing Home Sales report shows a slight drop in May. It was the first drop after a three-month run up, but it is still the the second highest figure since November 2009.

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Home Supply Plummets

On May 28, 2010 By

At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. With mortgage rates exceptionally low, this could be the best time to buy.

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Home Supply Ticks Higher — Buyer Opportunities Exist

On May 25, 2010 By

April revealed another good month of home sales, in part fueled by the first time home buyer tax credit expiration and continued low, low mortgage rates.

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Mortgage Rates: Expect volatility for week of May 17, 2010

On May 17, 2010 By

Mortgage rates for common first time home buyer programs, including FHA and conventional loans, improved last week.

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Loan Rate Predictions for Week of April 26, 2010

On April 26, 2010 By

Mortgage rates for most first time home buyer programs rose last week. This week, economic data will be at the forefront, as will the Federal Reserve which meets for one of its 8 scheduled meetings of the year.

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Will the first time home buyer tax credit be extended?

On April 20, 2010 By

We’ve been getting a surge of traffic lately on questions related to whether the first time home buyer tax credit will be extended.

In a word (or few), no and it doesn’t need to be. Housing and the economy are both slowly, but surely, in recovery mode.

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