Will Congress Extend FTHB Tax Credit?
October 9th, 2009 | 
Author: We continue to get reports that an extension or a re-vamping of the First Time Home Buyer Tax Credit is being considered. However, at this point in time, the credit is due to expire at midnight on November 30, 2009. Additionally mortgage interest rates have been hovering near the low points and this could be the perfect time to buy.
In recent testimony with the Congressional Small Business Committee, NAR (National Association of Realtors®) that the best thing for the housing market was to extend the tax credit. They also stated that one of the worst things for the housing market was the HVCC (Home Values Code of Conduct).
I don’t know if it will help, but they are trying to keep the housing market moving. So are we with our Stimulus Challenge. To find out more about how you can help our local housing by becoming a First Time Home Buyer, call our office and talk to one of our Mortgage Advisors at 541-342-7576. We will be happy to help you.
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Posted in $8000 Tax Credit, FHA Mortgages, First Time Home Buyers, Million Dollar Stimulus Challenge, Springfield Home Ownership Program, Stimulus Bill | 
Tags: $1000000 Challenge, $1000000 Stimulus, $1000000 Stimulus Challenge, $8000 Tax Credit, Alpine Mortgage, Eugene First Time Home Buyer, Lane County First Time Home Buyer, Million Dollar Challenge, Million Dollar Stimulus, Million Dollar Stimulus Challenge, Springfield First Time Home Buyer
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[...] Mortgage Brokers were all in favor of extending and/or expanding the First Time Home Buyer (FTHB) Tax Credit. I agree, I think extending it is a great idea. I think expanding it might be helpful, but am [...]
BTW I love your blog!
I think that the FTHB tax credit has been one of the best moves by Congress to help move the country away from the dangerous economic precipice. The positive impact of this program is undeniable and I hope it is both extended and expanded.
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