Posted on Thursday, 12th February 2009 by chrisjones

Most of you know there has been, for about 9 months, a $7500 tax credit for first-time homebuyers for anyone that buys a house from April 2008 to July 2009.  The new “stimulus” package currently wending its way through Congress contains a modification of that credit. The Senate version of the bill had an increase [...]

Tags: markets, stimulus, tax credit
Posted in Ask The Magician & FAQ, Blog & News, Rate Watch | Comments (0)

Posted on Friday, 6th February 2009 by chrisjones

Here’s the thing.  Markets have displayed a huge amount of volatility over the past several months.  Where once mortgage-backed securities (those things that actually control mortgage rates) would trade in a 35bp range on an average day in 2006, today we have 100 bp days all the time, and it’s not all that unusual.  At [...]

Tags: Fed, mortgage rates, stimulus
Posted in Rate Watch | Comments (0)