Temecula CA home loans, real estate loans, home finance information – George Moring

mortgagewithgeorge Blog

10/20/2009- 100% financing, rates, and first time buyer tax credit

October 20th, 2009 11:13 AM

George Moring

We are really getting down to the last days to get an offer accepted for the first time homebuyer tax credit. Remember, it currently expires 11/30/2009. Check out the calendar and you will see 11/30 is a monday, right after Thanksgiving. Loans will have to fund the 25th!! to record the 30th. AAAAHHHH, hope it gets extended!

October 20 at 10:49am

George Moring

Rates have gotten a little worse this last week. Nothing too big, but we may come off the lows and never see them again based on the things I am reading. This link kind of explains why rates were so low this year and why this may not be sustainable. http://moneyfeatures.blogs.money.cnn.com/2009/09/23/whats-really-keeping-mortgage-rates-down/

What's really keeping mortgage rates down? - Personal Finance blog - Money Magazine's More Money

Source: moneyfeatures.blogs.money.cnn.com

Mortgage rates are below 5% again. But they might not stay that way for long — even though the Federal Reserve reaffirmed its ridiculously low, 0% to 0.25% target for the federal funds rate.

October 16 at 12:49pm

George Moring

USDA Rural Housing 100% financing loans are back. Just a couple weeks that they weren't available this year. Still OK in french valley, Menifee, Sun City, and the other "outside areas". Did you know the 2010 census will change the areas? Probably take the whole valley off the eligible list.

October 13 at 11:13am

Posted by George Moring on October 20th, 2009 11:13 AMPost a Comment (0)