First Time Home Buyer Tax Credit Extension Helps Mortgage Application Data
The first time home buyer tax credit extension was expected to help increase interest in the United States housing market and that is exactly what we have seen. Yesterday we found out that mortgage applications increase 8.5%. Much of this jump was due to refinancing which accounted for 74% of all applications. Refinance applications were [...]
COBRA Benefits Extension – Increase Subsidy from 65% to 75% in 2010
President Obama and Congress have expressed the interest n a COBRA benefits extension. At this point, COBRA benefits are set to run out on December 31st, 2009. Congress has created a bill that will not only extend COBRA benefits through June but it will also increase the current subsidy of 65% to 75%. There is [...]
Unemployment Benefits Extension – California Could be Hit Hard in 2010
Congress is working hard on the unemployment benefits extension as over 3 million unemployed Americans will lose the unemployment benefits in the first quarter of 2010; California could see 589,000 Americans lose their benefits alone. Last month President Obama signed an unemployment extension into law but this only covers those who lose their benefits on [...]
First Time Home Buyer Tax Credit Extension into 2010 Helps Housing Market
The first time home buyer tax credit extension into 2010 should greatly help the housing market for several more months. In November, we found out that the $8000 first time home buyer tax credit was going to be extended through April 2010. Many politicians worked very hard to make this happen; not only did they [...]
First Time Home Buyers Tax Credit Extension with Low Mortgage Rates
The first time home buyers tax credit extension along with low mortgage rates is likely to swell the interest in the current housing market. There are many major markets that are still singing home values decline so finding a great deal is probably not a problem for most buyers. Mortgage interest rates are currently at [...]
Where are Mortgage Rates Going in 2010? New All Time Lows in January?
Many home owners are excited to see mortgage rates very close to an all time low but many of these borrowers would like to know where mortgage rates are going in 2010. With the 10 year treasury rate yield below its 200 day moving average many analysts feel that mortgage interest rates could continue to [...]
Home Mortgage Loan Modification Success by GMAC Mortgage
The home mortgage loan modification process has been very difficult for both lenders and borrowers. One company that has seen relative success is GMAC mortgage. From the data that has been received, GMAC mortgage has 35% of the qualifying home loans in a trial modification period. The issue at hand is the fact that most [...]
How Low Will Mortgage Rates Go in 2010? Interest Rates Below 4.25%?
How low will mortgage rates go in 2010? This is a question that many current and future home owners are asking. With the 30 year fixed mortgage interest rate at 4.55% just how much lower can mortgage rates go? Well, in all reality, they can go as low as the Federal Reserve Bank wants to [...]
First Time Home Buyers Tax Credit Extension Sparks Housing Market
The first time home buyers tax credit extension has done a great amount to spark interest in the housing market. Over the next few weeks there is a very good chance that we are going to see a drastic increase in the number of mortgage applications submitted. Part of this is due to the low [...]
Unemployment Benefits Extension – Getting the Money You Need While Unemployed
The unemployment benefits extension is going to go a long way towards helping millions of Americans who are currently unemployed. Several of those who are unemployed and have seen their benefits run out are having a hard time making ends meet until their unemployment benefits are extended in December. The amount of time it took [...]
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