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You can buy a $290,000 home today with 3.5% down and you don’t even have to be a first time buyer. If you are a 1st time buyer and you close before 6/30/09, you can amend your 2008 tax return and the government will give you $8,000. Imagine that…for a person that makes 48k per year, it would take them 3 months to net ...
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In case you didn’t hear, mortgage interest plummeted last week after the feds agreed to purchase 500 billion in mortgage backed securities from Fannie Mae and Freddie Mac.
If you are not an industry wizard (and I am certainly not) let me try to break this down in layman's terms. There has always been a correlation between the ...
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