Posts Tagged ‘Mortgage update’
Tax Credit Continues by Hunter Palmer
Last Friday, President Obama signed a bi-partisan extension to the first-time home buyer tax credit program last week giving prospective buyers through June 30th, 2010 to close on a home and receive the $8,000 credit. In addition, the law contained an expansion of the former program to include homeowners who have occupied their current residence for five years who want to trade up to another home. These repeat buyers can…
Posted By: karen
Friday Morning Mortgage Update by Palmer at Visions
Happy Stormy Friday! More hopeful signs of a recovery in the housing market could be seen this week as Monday’s report on existing home sales figures showed a surprise jump of 5% for February and new home sales also surprised with a jump of 5%. For Bay County the increase for existing home sales was 29%. Statewide the increase in condo sales was also up 15%. This follows a 21%…
Posted By: karen
Mortgage update by Palmer Visions Bank
We finally got some much needed good news this week. At the adjournment of their meeting on Wednesday, the Federal Reserve’s Open Market Committee announced that the Fed would purchase some $300 billion in long-term Treasury bonds and an additional $750 billion in mortgage-backed security debt. Left with fewer arrows in its quiver, as the Federal Funds rate sits between zero and a quarter percent, the Fed used another tactic…
Posted By: karen
Mortgage Update by Hunter Palmer Visions Bank
Hey Ya’ll once again I depend on some smart folks to keep me updated with the real facts not the hype. You can count on this being the real scoop from Hunter Palmer. If you need more info please give him a call and if you need a home I am your girl. Things are looking up!!! READ WHAT PALMER HAS TO SAY BELOW ABOUT OUR MARKET. Mortgage rates remain…
Posted By: karen
