Tag: home buyers
Mortgage loan interest rates are one of the key drivers in the real estate industry. In today’s economy, Freddie Mac is reporting 30-year fixed rates at historic lows over the last few weeks (or is that months?).
1.) If you’re thinking about selling, now is a great time because buyers will be able to afford more home at a lower monthly payment.
2.) If you want to sell and move up, a low interest rate will help you get more home for the monthly payment you pay.
Home Buyers Rush to Take Advantage of Tax Credit Before It’s Gone
by Alan Heavens
“Current homeowners buying a house between Nov. 7, 2009, and April 30 and who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight can qualify for the $6,500. It seems less is known about the repeat buyer credit. This incentive was added when the original $8,000 tax credit for qualified first-time buyers, which expired Nov. 30, was extended.”
This is a great article on both the $8000 first-time home buyer tax credit AND the $6500 repeat buyer credit. To read the entire article click here.
If I can help you with your real estate needs, just give me call or shoot me an email.