Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network
RealTown HomeBlogsPiedmont Real Estate BlogTagged "Reduced Mortgage Rates"

Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia
An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area. Julie is an Associate Broker at Century 21 New Millennium, 5451 Old Alexandria Turnpike, Warrenton, VA 20187

Categories

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: Tax Credit Local Impact
 Let's not forget the interest rate factor. D...
RE: Foreclosures Frozen
Going out and learning the inventory is key. Even...
RE: Let it Expire
 Please dont hope for this to expire. My fian...
RE: What if That's All There Is?
Never walk away from equity...
RE: Finding a Good Contractor
Finding the best contractor is always a big proble...

Archive

Favorite Links

RealTown Blogs

Blogs Homepage
Featured Entries
Recent Entries
Recent Comments
Tags
My Starred Entries
Create A Blog
Log In

Site Feed

RSS Feed

Piedmont Real Estate Blog

Update on Stimulus Package
Feb. 9, 2009
Categorized in: Real Estate Legislation
Tagged with: homebuyer tax credit, reduced mortgage rates, stimulus bill

There are now two versions of the Stimulus Bill, a House version and a Senate version. You can compare the two versions on CNBC's website.

The $15,000 tax credit made it into the bill. The reduced mortgage interest rates did not. However, there's some talk about stripping the tax credit in the conference. Now might be a good time to talk to your legislator!

There is still some hope for the reduced (4%-4.5%) mortgage interest rate. The bill allocates $50 billion for the Treasury to use to reduce the incidence of foreclosures. Lowering interest rates would certainly help in that effort.

Stay tuned!

 

Permanent Link | Comments (0) | Write a Comment | Send Link