by Irene Moustakas | Nov 26, 2009 | Uncategorized
Have a special Thanksgiving holiday with your friends and families! The bond market is closed today and tomorrow it will close early. Most lenders will be closed until Monday, so interest rates will not be issued until then. I appreciate your loyalty and readership...
by Irene Moustakas | Nov 20, 2009 | Industry News, Loan Programs and Products, Rates, Tips
I saw some unbelievable interest rates this week and they’re still going strong. My experience is that they don’t last long, so if you can, I definitely recommend taking advantage. And remember, if you can’t refinance traditionally because you have...
by Irene Moustakas | Nov 9, 2009 | 1st Time Homebuyers, Industry News
The $8000 federal tax credit has been extended and expanded! The credit, which was supposed to expire 12/1/09, has now been extended to 4/30/10. In addition, there will be a 60-day extension if you go into binding and official contract prior to April 30th. In addition...
by Irene Moustakas | Nov 3, 2009 | 1st Time Homebuyers, Industry News, Loan Programs and Products
Congress voted and approved a one-year extension on the temporary FHA, Fannie Mae and Freddie Mac loan limits. The loan limits vary by county, but are established by taking 125% of the county’s median home price and determining that as the upper limit, with $729,750...
by Irene Moustakas | Nov 2, 2009 | 1st Time Homebuyers
There are rumors that the 1st time homebuyer tax credit will be extended, but at this moment, it is technically expiring on November 30th (must close escrow before 12/1/09). In fact, I think that Congress will be voting this week on whether or not to extend it, but...