Fixed Mortgage Rates Remain Low for First Time Home Buyers; Tax Credits Available

Posted on | February 9, 2010 | No Comments

Fixed mortgage rates remain low for first time home buyers as President Obama and his staff have worked diligently to keep interest rates low for an extended period of time. Not only are fixed mortgage rates low but there are also tax credit available for first time home buyers as well. If you have been thinking about buying your first home now is one of the best times ever.


If you are under contract by April 30th, 2010 and you are a first time home buyer you will receive a check for $8000. This $8000 can be used for anything you desire but a wise decision would be to use this money to pay for the home purchase process. This money can go to PMI or closing costs that can often add up quickly.

The 30 year fixe mortgage rate is currently below 4.8% which is very attractive to all borrowers. Many analysts have predicted that mortgage rates are likely to rise beginning in the spring of 2010 so now would be a very good time to take action. You can not only lock into a low mortgage interest rate but you can also receive a tax credit.

Author: Jeremy North

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