Talk about Good News…..but the wait was well worth it.
According to an email we just received from RAMB,
Yesterday, the U.S. Senate voted (98-0) to pass a bill which extended and expanded the federal homebuyer tax credit.  Today, the U.S. House of Representatives did the same (403-12).  It’s now on its way to the President for [...]

Tax Credit expires at the end of this month….or does it?
The senate has offered an extension through July of 2010 but it needs to be agreed to by congress. So for now the only tax credit is still slated to expire at the end of this month.
There is an interesting twist to the one now [...]

“Mortgage Bonds are lower this morning, following through on Friday’s weakness and responding to a move higher in Stocks. While Stocks are higher due to good earnings reports, it is important to understand that positive earnings numbers gained by cutting jobs are not really positive for the economy, nor are these gains sustainable.
There are no [...]

“After a wild run last week, Mortgage Bonds are starting the week on the quiet side. With no economic reports due for release today, Bonds will likely react to action in Stocks as well as a speech by Fed Chairman Bernanke at 11:00 yesterday
Stocks are attempting to maintain a rally, fueled by optimism that 3rd [...]

Federal Reserve Chairman Ben Bernanke said that as the economy heals, the Fed will be very vigilant to protect against inflation. While inflation is not a problem at present…it will most certainly become a problem down the road. So why does this matter if you are considering purchasing or refinancing in Miami? Because inflation is [...]