Posted on Friday, 29th May 2009 by chrisjones

Today Hud released rules allowing first-time homebuyers (FTHB) to use the $8000 federal tax credit as part of the down payment on their purchase of a home.  That’s good news, right?  Well, except for this part: Accordingly, the proceeds of the sale of the tax credit to FHA approved mortgagees, the seller, or any other [...]

Tags: HUD, tax credit
Posted in Blog & News, General, Rate Watch | Comments (1)

Posted on Thursday, 16th April 2009 by chrisjones

Market Brief: CPI comes in below expectations, and the Empire State (that’s New York, for those of you that don’t speak slogan) manufacturing index comes in crappy, but not as crappy as was expected.  Bonds reacted by wandering around slowly, like a toddler just after a nap.  Nothing much happening though rates are trending slightly [...]

Tags: home run grant, mortgage grants, tax credit, utah mortgage, utah mortgage broker
Posted in Finance 101, Rate Watch | Comments (0)

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)