Seattle Mortgage Rates Today, February 20, 2009
Seattle Mortgage Rates Today, February 20, 2009: How did the passing of the largest stimulus package in U.S. history impact the economy. The package included a first time home buyers tax incentive of $8,000 which is non-repayable unless you sell your home within three years. A big plus from last years tax credit which had a repayment plan. Will the banks be nationalized, this is still up for debate. What is still very clear is that housing will not come to an end. There are still home being listed and sold on a daily basis, homes sold when rates were in the teens and will continue to sell as rates are below 5.00%, the question is if this is the right opportunity for you. There has been an additional $200 Billion lifeline for home mortgages which added to the current $500 billion, this will hope to stabilize these low rates through the end of this summer. Please view the video for more details.