The Federal Reserve issued their monetary policy at 12:15 mountain time today. The Federal Reserve left the Fed Funds rates unchanged at a near zero interest rate. The Fed stated that "the economy continues to improve at a modest pace." The positive comments on the economy have caused a rally in the stock market. Unfortunately, mortgage rates typically increase on positive economic news as money flows out of safe havens like the bond market. Therefore, in an attempt to make bonds and mortgage backed securities more appealing to investors the yields are increased. This ultimately affects mortgage rates that consumers pay for their home loans. The good news is that mortgage rates remanin at near record levels. This is great news for anyone who is considering purchasing a home . We are entering into the busiest season of the year for home buying and selling. The near record low mortgage rates should encourage people to move forward with their home buying de

If you are in the market for an Albuquerque home and you don't know quite all of the ins/outs of the deadline and what you need to do - here are some answers: How to Get the Extended Home Buyer Tax Credit You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit: 1.Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract in place by April 30, 2010 with a closing date no later than June 30, 2010. 2. Decide whether to: •• apply the credit to your 2009 tax return, filed on or before April 15, 2010; •• file an amended 2009 return; or, •• apply the credit on your 2010 return, filed on or before April 15, 2011. 3.Attach documentation of purchase to your return. Documentation of Purchase Details concerning the precise documents required to confirm your purchase have not yet been released. When this information becomes available, we w

Greater Albuquerque Association of REALTORS® | Real Estate News | Story | Tackling Tax Lighting Get the latest information on Tax Lightening in Albuquerque real estate and surrounding areas. It's a hot topic in 2010!

Albuquerque hotel data hints at a recovery - New Mexico Business Weekly: Great news for Albuquerque - the more visitors, the better our 'incoming' home buyers. You know, once they get here, they just have to buy!

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