Show me the MORTGAGE money!

Obama to sign homebuyer, jobless bill assistance....

By JIM ABRAMS, Associated Press Writer Jim Abrams, Associated Press Writer – Fri Nov 6, 7:23 am ET

WASHINGTON – President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.

http://news.yahoo.com/s/ap/20091106/ap_on_go_co/us_jobless_benefits_homebuyers

Q&A: How To Rent Your Home From Fannie Mae...

By Nick Timiraos

Fannie Mae announced Thursday that it will let troubled homeowners rent their homes instead of losing them through foreclosure and eviction.

http://blogs.wsj.com/developments/2009/11/06/qa-how-to-rent-your-home-from-fannie-mae/

Bill including extension of housing credits........

to be signed by President today.....

Tax credit and low rates bode well for housing market....

From today's Investor's Business Daily....

Fed Doesn't Take Away Punch Bowl; Job Losses Slow

By SCOTT STODDARD, INVESTOR'S BUSINESS DAILY

excerpt: The Fed voted 10-0 to leave interest rates at a record-low 0%-0.25% to keep credit flowing.

This should keep mortgage rates low ...........

Congress agrees to keep homebuyers' tax credit...

From the NY Times: Congress Agrees to Keep Homebuyers’ Tax Credit

The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a [un]popular $8,000 tax credit for homebuyers ...

Senate close to a deal replacing Homebuyer Tax Credit...

http://www.calculatedriskblog.com/2009/10/home-buyer-tax-credit-to-be-extended.html

From Bloomberg: Senate Close to Deal Replacing Homebuyer Tax Credit

Home Buyer Tax Credit DOA?.....

from: http://www.calculatedriskblog.com/

From Reuters: White House skeptical on renewing home buyers credit

[Housing and Urban Development Secretary Shaun] Donovan told the Senate Banking Committee that while he was aware the program was popular with lawmakers, "At the same time, I am mindful that these proposals can be very expensive, especially at a time of significant budget deficits."
...
Under questioning, Donovan said the administration would make a decision in the coming weeks after it sees more government data on the cost of the tax credit.
...
"I do not believe that a catastrophic decline would be the result of the end of the credit," Donovan said.
emphasis added

Frequently Asked Questions about First Time Buyer tax credit......

go to this link...

http://www.federalhousingtaxcredit.com/2009/faq.php

First Time buyer tax credit......

expires November 30th, 2009.

Does checking your own credit report lower your score?....

courtesy of Experian...

...Personal inquiries, also known as "soft inquiries" or "below the line inquiries," are not visible to lenders and therefore are not part of your credit score calculation. Rest easy, checking your own credit report or score does NOT negatively impact your score.