The 30-year fixed-rate mortgage averaged 4.86 percent with an average 0.6 point for the week ending May 14, 2009, up from last week when it averaged 4.84 percent. Last year at this time, the 30-year fixed rate mortgage averaged 6.01 percent: Read More-> Historical Rates: Read More->
USE FIRST TIME BUYER TAX CREDIT AS DOWN PAYMENT ON FHA LOANS.
Buyers will be allowed to use their first-time homeowner tax credits as down payments when they get FHA-insured loans, Secretary of Housing and Urban Development Shaun Donovan announced. "FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits, as well as state and local governmental entities to 'monetize' the tax credit through short-term bridge loans," Donovan said: Read More->
FIRST TIME BUYER WORKSHOPS
Is this a good time to buy a home? Is my credit good enough to qualify? How much money will I need? What type of mortgage financing should I get? What is the home buying process? Fast, no cost, pre-approvals. First Time Buyer workshops coming soon. Contact me for details.