Today's Wall Street Journal includes a story about "surging" mortgage rates. The 30-year mortgage rate climbed to 5.44% on Thursday, the highest level since early February. Goodness, 5.44% is still an excellent rate, so I think we should give two thumbs down to this rather alarmist story.
Our own Karen Nicolini from our Philadelphia real estate office sent along this piece of good news: Home buyers who qualify can apply the entire $8,000 first-time homebuyer tax credit directly to their purchase costs. This enriches an already attractive incentive. Read the entire story from Reuters here. And if you're a qualifying home buyer (either a first time buyer or someone who has not owned a primary residence for the past three years) and you want to search for properties, search our web site or call our offices for personal guidance from an associate.
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