February 4th, 2010 
admin 
Many analysts are pondering if low FHA mortgage rates and the first time home buyer tax esteem extension is helping the overall housing market. There is very little argument that can be made that mortgage rates are very close to an all time low. The amount of refinancing activity has come down so some of the only individuals who are keeping the emporium active are first time home buyers looking to buy that first house.
The first time home buyer tax credit was extended until April 30th, 2010 but this has made some first time home buyers complacent. Instead of rushing out and locking in to that low FHA mortgage rate they have sat back and waited for the right opportunity. No one knows if President Obama and his staff are going to extend the first time home buyer tax credit again but why wouldn’t they if they have already done it once?
The housing market has definitely stabilized but there is fear that we could see another dip in the near future. If the menial FHA mortgage rates and capital time home buyers tax credit extension did not succor to prop up the housing market at another time what is next? There is little other that the government can do to keep home prices stable. It will be interesting to see what happens as Spring is just around the corner and the Fed could stop buying mortgage backed securities.
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Tags: Buyer Tax, Helping, Home Buyer, Home Buyer Tax