I’m up to my eyeballs everyday in the latest financial and economic news because it’s my job. That said, I wasn’t surprised at all when I read (and I have read it many times before) that many economists feel that the economy would be better off if policy makers stepped aside and let the natural [...]

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After the conclusion of the Federal Open Market Committee’s (FOMC) one-day meeting on Tuesday, the Fed announced measures that will help serve to keep mortgage rates low if need be:
To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve’s holdings of securities at [...]

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Image via Wikipedia This informative video won’t leave you on the edge of your seat, but it will enlighten matters for any of you wondering how this legislation may affect you. – Carlo.

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Last week’s blog posts pretty much focused on the homebuyer tax credit’s closing deadline. We did our absolute best to deliver the latest news as it happened. Let’s review last week’s posts:
Saturday:
“GUEST POST: ‘All Right! The Deadline Has Been Extended!‘”:
All right! The deadline has been extended to September 30! I work in mortgage banking and have been working [...]

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Who Qualifies for the Extended Credit?

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UDATE3: President Obama signed a three-month extension of the homebuyer tax credit’s closing deadline this morning.
The president also signed into law the “National Flood Insurance Program Extension Act of 2010,” reports HousingWire.com.
Lawmakers weren’t able to agree on the extension of unemployment benefits before their July 4 recess; they’re expected to continue their debate when they [...]

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With the pending expiration of the homebuyer tax credit about 36 hours away, we’re getting closer and closer to seeing what the true state of the housing and real estate markets will really look like when the credit is no longer in place.
**Poll: Do You Support the Extension of the Homebuyer Tax Credit’s Closing [...]

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Late last week the Senate failed to secure enough votes to push through a bill that would not only extend unemployment benefits, but would also extend the closing deadline for borrowers looking to take advantage of the homebuyer tax credit.
The way it stands now, this Wednesday (June 30) looks to be the official end of [...]

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