Why You Should Buy A House In 2010
February 8, 2010 by VizionsTeam
Filed under Buyer Tips
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If you are looking to buy a house anytime soon, there are some factors that you need to pay attention to coming up that are really going to effect your home purchase.
March 31st, 2010
You probably know that mortgage rates are pretty good right now, but how long will this low rate last? Many people don’t know that the Fed has been purchasing mortgage-backed securities to the tune of $1.25 Trillion dollars.
The result of this has been somewhat “artifically” low mortgage rates. Really, this is another way that the government has been doing to help with the housing market. Why not take advantage of it?
This is the date that the first-time homebuyer tax credit is finished. You must have an acceped offer by this date and close by the last day in June to get the credit. Why not take advantage of it?
April 5th, 2010
This is the date that the FHA upfront mortgage insurance will go up from 1.75% to 2.25%. Many loans are going FHA these days because you only need 3.5% down and you can even get that as a gift, plus you don’t need as good of credit with FHA vs. Conventional. Why not take advantage of it?
These are pretty signifcant credits and discounts that you can use if you can find a house that meets your needs between today and the deadlines. Make sure to check out our home search to get access to the best homes.
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mx motocross on Mon, 22nd Feb 2010 9:16 pm
Actually there are lots of great reasons to buy house in 2010… low interest rates,Tax credit, great selection, 2 of which won’t last long.thanks…