Northern Virginia Home Buyers Time Keeps On Slipping Into The Future

By Editor · on April 1st, 2010 ·

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Time Is Money

Time Is Money

Northern Virginia Home Buyers Time Keeps On Slipping into the Future.  No I am not talking about Steve Miller, but rather the First Time Home Buyer & Extended Home Buyer Tax Credit.  As well as some other dates of Interest you MUST be aware of.

Mortgage Backed Securities: As of yesterday The Feds Program To purchase Mortgage Backed Securities or (MBS) expired.  There has been no mention as of yet as to whether or not they will extend this program and continue to purchase these securities.  Why do we  mention this?  While The Fed was in the market to buy securities, it would be a dumb thing to raise interest rates, as it would cost them more to buy them.  Now that the program has expired Interest Rates could rise. We believe if they do raise rates it could be anywhere from a quarter point to three quarters of a point.  Still, even if they do raise rates.  They are still very low so lock in on a Loan now!

FHA & FICO SCORES: Starting April 15th New Changes to FICO scores are set to take place.  This could mean it will force you to put more money down in order to qualify, or even knock you out of eligibility all together.  Dont take a chance.  If your credit score is shaky run dont walk to get a loan and a new home in Northern Virginia.

FIRST TIME HOME BUYER TAX CREDIT: Today is April 1st Also known as April Fools Day.  Dont be a fool and put off taking advantage of the First Time Home Buyers Tax Credit and Extended Home Buyers Tax Credit.  There is exactly 30 days left.  You must buy a Home before the end of April and close before the end of June.

Dont delay, contact a Northern Virginia Real Estate Agent and a Local Direct Lender today to ensure you can have your new home in Northern Virginia today!

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This entry was posted on Thursday, April 1st, 2010 at 10:19 am and is filed under Alexandria Virginia Home Buyers, Arlington County Virginia Home Buyers, Clarke County Virginia Home Buyers, Fairfax County Virginia Home Buyers, Fauquier County Virginia Home Buyers, Frederick County Virginia Home Buyers, Loudoun County Virginia Home Buyers, Northern Virginia Home Buyers, Prince William County Virginia Home Buyers, Washington DC Home Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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