Home Buyer Tax Credit Extended
Home Buyer Tax Credit Extended Smyrna Vinings home buyers, you may yet get that homebuyer tax credit after all. This week, the Senate passed a bill to extend the $8,000 homebuyer tax credit until September 30th. It now goes to President Obama, who is expected to sign the bill. The bill was overwhelmingly approved by…
Smyrna Mortgage Rate Update: Week of June 21, 2010
The Week in Review: Home loan rates improved during the week by about .125%. What to Expect: Former Fed Chairman Alan Greenspan was quick to warn consumers not to be fooled by today’s low rates in a recent Wall Street Journal article. He said, “Long-term rate increases can emerge with unexpected suddenness. Between early October…
Smyrna Mortgage Rate Update: Week of May 17, 2010
The Week in Review: Problems in Europe continue to dominate the headlines and influence market direction around the world. This week was particularly volatile as rates made about a .25% decrease mid-week, but ended the week unchanged. What to Expect: European economic woes will once again take center stage this week. The financial instability appears…
Smyrna Mortgage Rate Update: Week of April 12, 2010
The Week in Review: Volatility continues in the mortgage-backed securities market causing home loan rates to spike in both directions. Home loan rates began the week at the highest level we have seen since August 2009 and ended the week about .25% better. What to Expect: What’s the rate today? Well, it’s likely different than…
Smyrna Mortgage Rate Update: Week of March 29, 2010
The Week in Review: Home loan rates ended the week about .25% higher than they started out. The increase was primarily related to poor treasury auctions and jitters about the end of the Fed’s Mortgage-backed Securities purchase program. What to Expect: Well, the event we’ve been talking about so long is here, the last days…
Smyrna Mortgage Rate Update: Week of March 8, 2010
The Week in Review: Home loan rates ended the week about where they started after slightly decreasing mid-week. What to expect: It will be a pretty quiet week for scheduled economic reports. The most relevant report will be the Retail Sales Report coming at the end of the week. A strong report showing increased retail…