Darla Zimmerman Spokane Real Estate

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  • Economy in Toilet = Lower Interest Rates for Homeowners!

    Unless you have been living in a cave, you most likely know that the U.S. Economy is at its lowest point in recent history.  That is certainly not good news. But there is a silver lining:  Mortgage rates tend to fall when economic news is bad.  Basically, mortgage rates are tied to the Bond market so when the economy is weak, money ...
    Posted to Darla's Blog (Weblog) by 473424 on March 16, 2009
  • About the First Time Home Buyers Tax Credit

    When the final stimulus bill was approved, there were three major changes from the original first time home buyer tax credit program:·         Tax credit was increased from $7,500 to $8,000.·         Homes have to be purchased between January 1, 2009 and ...
    Posted to Darla's Blog (Weblog) by 473424 on March 3, 2009
  • Obama Signs Economic Stimulus Plan - How it affects the Housing Industry

    The $790 billion stimulus package signed by President Obama today increases the home buyer tax credit to $8,000, drops the repayment feature, reinstates last year's 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans, and provides $2 billion in additional funding for states and localities to be used to purchase, manage, repair and ...
    Posted to Darla's Blog (Weblog) by 473424 on February 17, 2009