Random posts on mortgage loans
The National Association of Realtors estimates that every percentage point drop in home mortgage rates encourages 500,000 new sales. Many believe that the housing sector can begin to recover once people start buying up some of the inventory. Cheaper home mortgage interest rates are not the only thing lawmakers are discussing. One proposal is to extend a tax credit to all home buyers, rather than just those buying for their first home. The credit would also be increased from $7,500 to as much as $15,000.