Daily Mortgage News

The government is winning points in the mortgage industry with me! They are currently trying to help First Time Homebuyers with credit offers of up to $8,000.00 to tax payers who qualify.  This is under The American Recovery and Reinvestment Act of 2009 in the form of a tax credit. There was a prior first-time homebuyer credit that had to be paid back but this does NOT have to be paid back. So come on people one more reason to buy a home if you were not sure you should!

Daily Mortgage Rates

Conventional 30 Yr. Fixed Rate: 5.875%

FHA 30 Yr. Fixed Rate: 5.75%

100% (USDA) 30 Yr. Fixed Rate: 5.50%