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All Tags » Tax Break for Home Buyers (RSS)
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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 ...
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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 ...
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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 ...
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