FHA
5% 30 Year Fixed
3.875% 5/1 ARM
4.875% 30 Year Fixed
4% 5/1 ARM
Jumbo (Over $729,750)
5.875% 30 Year Fixed
5.125% 5/1 ARM
Saturday, December 5, 2009
Mortgage Interest Rates Dec 2, 2009
4.875% 30 Year Fixed
4% 5/1 ARM
Jumbo (Over $729,750)
5.875% 30 Year Fixed
5.125% 5/1 ARM
Home Buyer Tax Credit Extended!
Home Buyer Tax Credit has not only been extended, but it has also been expanded to include current homeowners. The following are features of the new bill:
Deadline for new and improved credit is April 30, 2010, as long as the home is under contract by that date; deal must close within 60 days.
Eligibility and amount of new credit:
$8,000 for first-time home buyers (those who have not owned a home in the last three years).
Up to $6,500 credit for homeowners who have lived in the home they are selling, or have sold, as a principal residence for five consecutive years in the past eight.
Buyers with income exceeding $125,000 for single and $225,000 for married couples are not eligible.
Homes valued at more than $800,000 are also ineligible.
Deadline for new and improved credit is April 30, 2010, as long as the home is under contract by that date; deal must close within 60 days.
Eligibility and amount of new credit:
$8,000 for first-time home buyers (those who have not owned a home in the last three years).
Up to $6,500 credit for homeowners who have lived in the home they are selling, or have sold, as a principal residence for five consecutive years in the past eight.
Buyers with income exceeding $125,000 for single and $225,000 for married couples are not eligible.
Homes valued at more than $800,000 are also ineligible.
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