No extension yet for the tax credit. First time homebuyers have until November 30th to find a home, close and fund in order the reap the benefits of $8000.00.
Rates have yo-yo’d in the past week. We priced aggressively into the weekend and couldn’t hold those gains made in the market from Thursday last week. However, in the past day pricing has improved to a level close to our advertisement in the Sunday Press from 10/5/09.
Strong treasury auctions will buoy the bond although with stocks staying positive (aside from today) gains in the treasury market may be tough to come by. Stayed tuned because this market is moving on almost an hourly basis.
By the way, we are few short steps away from VA approval. So all of you veterans out there, give us a call.
Michael Conti