First Time Homebuyer Tax Credit
The current First Time Homebuyers Tax Credit will expire Dec. 1st. Plans are in the works to extend the tax credit and/or modify the current bill. Currently first time homeowners are the only group of buyers who can qualify. Their income must be equal or below $75,000 (single) or $150,000 (couple). The new proposal would include some move … Read more
Could be a big day in MBS market
It coul be a big day: We have the statement from the Fed meeting coming out this afternoon (Fed announcement at 2:15 et.). The Dow is up 50 points. ISM Services will be released at 10:00 et. The Treasury will announce the size of upcoming auctions at 11:00 et.
