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Obama Signs Homebuyer Tax Credit Extension
HousingWire: Written by: JACOB GAFFNEY - President Barack Obama this morning signed HR 5623, the "Homebuyers Assistance and Improvement Act of 2010," a three-month extension on the closing deadline for first-time home buyers to receive the tax credit.
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Mortgage Rate Falls To All-Time Record Low
Written by: Austin Kilgore - Freddie Mac and Bankrate are both reporting that US mortgage rates are lower than ever. The news following a sharp fall-off in home sales — particularly for new construction. Average rates for 15 and 30-year Fixed Rate Mortgages continued their decline this week, while only conventional 1-year Adjustable Rate Mortgages failed to hit a new low.
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5 Harsh Truths About Low Mortgage Rates
NuWire Investor: Written by: Carmen Nobel - Contrary to popular belief, good credit, sufficient income and a pre-approval letter, still may not be enough for buyers to get a good loan rate, or even final approval on a mortgage loan. With lenders tightening credit requirements, refinancing or getting a preferred interest rate on a mortgage loan in today’s economic climate is tough.
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President Approves $1.5 Billion To Be Distributed To Distressed Homeowners
NuWire Investor: Written by: Diana Golobay - Arizona, California, Florida, Michigan and Nevada are among the states that will receive funds from the Obama administration’s newest program to provide foreclosure prevention relief to underwater borrowers. The Hardest Hit Fund provides states with funds that will enable them to establish state-specific borrower aid programs.
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President Approves $1.5 Billion To Be Distributed To Distressed Homeowners
NuWire Investor: Written by: Diana Golobay - Arizona, California, Florida, Michigan and Nevada are among the states that will receive funds from the Obama administration’s newest program to provide foreclosure prevention relief to underwater borrowers. The Hardest Hit Fund provides states with funds that will enable them to establish state-specific borrower aid programs.
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