Daily Mortgage News

We are almost at our $8,000.00 tax credit deadline. For those who would still like to recieve the tax credit you MUST close by November 30 2009.  It is a first time homebuyer tax credit and is being given to anyone who purchases a PRIMARY RESIDENCE and has not owned a primary residence in the last 3 years. That is the IRS' definition of a first time homebuyer. The tax credit is 10% of the purchase price not to exceed $8,000.00. Give me a call if you would like more information or need to be pre-approved.

DAILY RATES

Conventional 30 Yr Fixed Rate: 5.00%*

100% USDA 30 Yr. Fixed Rate: 5.375%**

FHA 30Yr. Fixed Rate: 5.125%***

*Based on 125K sale price w/ 20% down and an APR of 5.241

**Based on 100K sale price and loan amount with an APR of 5.898

***Based on 130K sale price w/3.5% down and APR of 5.908%