88 DAYS LEFT FOR THE $8,000 LAS VEGAS FIRST TIME HOMEBUYER'S TAX CREDIT

88 DAYS LEFT FOR THE $8,000 LAS VEGAS FIRST TIME HOMEBUYER'S TAX CREDIT

 Team Ratliff - Weekend Report – September 4, 2009

LAS VEGAS INTEREST RATES ARE DOWN THIS WEEK.  Below 5% on most loans!!   Rates are at a three-month low.  Pending home sales jumped this week to a two-year high.

IMPORTANT REMINDER:   THERE ARE ONLY 88 DAYS LEFT FOR THE $8,000 LAS VEGAS FIRST TIME HOMEBUYER'S TAX CREDIT.

The tax credit expires on November 30, 2009, if not extended.   If you do not close escrow by this date, you will be ineligible for the $8,000 tax credit.   You should allow 30- 45 days to close escrow today.   This means you want to be in contract by October 15, 2009.  

WEEKEND RATES - PLAN ON AROUND:

4.875 % (APR 5.129) FOR A 30 YR FIXED CONVENTIONAL LOAN (OWNER OCCUPIED OR SECOND HOME) with 1.125 points , NO ORIGINATION FEE!

4.875 % (APR 5.096) FOR A 30 YR FHA / VA LOAN, WITH .750 POINTS, NO ORIGINATION FEE!

5.500 % (APR 5.763) ON A 30 YR JUMBO LOAN OVER $417,000 with 1.125  POINTS, NO ORIGINATION FEE!

5.000 % (APR 5.244) ON A 5 YR JUMBO ARM OVER $417,000 with 1.000 POINTS, NO ORIGINATION FEE! 

6.000 % (APR 6.260) ON A 30 YR INVESTOR (NON-OWNER OCCUPIED) LOAN UNDER $417,000 WITH 20% DOWN with 1.000 POINT, NO ORIGINATION FEE (720 mid score)!

5.375 % (APR 5.636) ON A 30 YR INVESTOR LOAN (NON-OWNER OCCUPIED) UNDER $417,000 WITH 25% DOWN with 1.125 POINT, NO ORIGINATION FEE (720 mid score)!

That’s 42 days to find a house.

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