Warren Residential Group Blog – Boston Real Estate Blog

This is in thanks to Brian Cavanaugh at Wells Fargo:
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may point you in the right direction.
The Bankrate.com survey is for conforming mortgages only. It is not specific to Cincinnati, nor does not apply to FHA mortgages, VA mortgages, jumbo [...]

Brian Cavanaugh of Wells Fargo Home Mortgage just sent me an interesting email in regards to when to schedule your closing to take advantage of the $8000 tax credit:
The $8,000 First-Time Home Buyer Tax Credit expires November 30, 2009.  In order to claim the tax credit, the IRS requires that you’ve closed on or before [...]

Brian Cavanaugh, another of Boston’s top mortgage brokers over at Wells Fargo, wrote a piece about how to accept a downpayment gift from family without it ruining your chance of getting your loan approved.  This is extremely valuable information for those of you looking to buy a home right now, especially first time home buyers [...]

Unfortunately the Federal Housing Authority did not come through with raising the national conforming loan limit.  It will remain at $417,000 in 2009 (same numbers for multi-families as well).
Conforming Jumbo’s are actually going to be lowered from $523,750 to $465,750 which is expected to be announced Monday.
This information is provided by our good friend, Brian [...]

The biggest report next week will be Friday’s important Employment data. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month, since the health of the labor market is perhaps the single biggest factor in the performance of the [...]