Fri
Jul
2
Slower Than Expected Growth Helps Rates
Economic news from around the world is weak-it is a struggle out there.
Today’s unemployment numbers reflected a very slow improving labor market.
This caused the Mortgage Rates to keep an all time low. Great for people that want to buy a new home or refi’ing, but not so good news for the stock markets.
The “close” by deadline for the tax incentive for First Time Home Buyers and Move Up Buyers was extend from June 30th to September 30th. If you had an offer accepted by April 30, 2010, you have three more months to close and still be eligible to receive the tax incentive.
The markets will be closing on Monday in observance to the 4th of July.
More to follow next week after the Fireworks are all done.
Have a Safe and happy 4th of July!!
