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Despite what you're hearing, the federal home buyer tax credit has not been extended beyond its June 30, 2010 deadline to September 2010. At least not yet.
For the second consecutive month, mortgage lenders issued 100-plus rate sheets in a 60 day period. That's 2.36 rate sheets per day, or roughly 0.64 less than the Magic Number. It's a ridiculously high number in the context of mortgage market history.
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me directly. The group's 30-day...
