Orlando Mortgage Blog

It's the same names that keep popping up for some reason...read on

After a summer of home buyer tax credit infuenced sales to the first time buyer, why should we be surprised that new home sales and permits fell off the cliff (down 10.6%) in October considering the fact that everyone knew and therefore geared their planning to meet the November 30, 2009 tax credit expiration? True it was just extended to cover more buyers and more income levels, but falls far short of being extended long enough to really have an effect in my opinion. It requires a sales contract to be consumated no later than April 30, 2010 and closed no later than June 30. That's just about the time the seasonal buyer kicks into gear and jumps in the market traditionally. Hey what do I know. Congress doesn't have to make sense do they? So eligible buyers have about 5 months to shop, find, negotiate and sign a contract right now. For Floridians at least, we don't have to do it in the snow! That's something... 

Read on...

Bill Wilbanks

Bernanke to maintain low rates but watch for any inflation to start popping up. But none yet...

Read On.

Though many market optimists can be perceived as band leaders on the Titanic some days, and pessimistic Bears stand in perpetual kool aid lines, rates remaining low could be helpful during this recovery, but at a definite cost. "Hey, DC....IT'S JOBS FOLKS! Yours too. "...Read on

Well it's done. At least if you buy a home and sign a contract by April 30, 2010. And, it's expanded to increase income allowed and certain existing current homeowners buying a new home as well...Read On

I loved her comment and comparison today about the well meaning intention but questionable thinking of the Home buyers tax credit through June...

Read on