Posted on Wednesday, 23rd June 2010 by chrisjones

Okay, so I was wrong. At least I wasn’t the only one. Last month I wrote about how the expiration of the $8000 and $6500 tax credits for new home buying wouldn’t have much impact on the housing market. Those expired, for the uninitiated, on April 30, and since then sales on new homes have [...]

Tags: $8000 tax credit, lehi lender, Lehi mortgage, utah mortgage
Posted in Blog & News, General | Comments (2)

Posted on Wednesday, 10th February 2010 by chrisjones

Many people have been asking recently how the Federal tax credit works for home purchases.  Here is the straight dope: If you: Have not owned a home in the last 3 years (this means you have not been on the title of a primary residence) Have income less than $250,000 last year Are purchasing a [...]

Tags: $8000 tax credit, federal tax credit, mortgage tax credit
Posted in Ask The Magician & FAQ, Blog & News, Finance 101, General | Comments (1)

Posted on Thursday, 24th September 2009 by chrisjones

Market: So the economy is roaring back, eh? Weeeeellllll…. Some are beginning to wonder.  Mortgage-backed securities (these are the bonds issued by FNMA, etc. that directly link to mortgage interest rates – also abbreviated “mbs” in this space) are not reacting the way one would expect if everything was rosy going forward.  As the economy [...]

Tags: $8000 tax credit, Lehi mortgage, mortgage-backed securities, RateWatch
Posted in Rate Watch | Comments (0)