For the housing market, it’s the equivalent of financial alchemy, and it’s hot: Turning the $8,000 federal home-purchase tax credit, which normally isn’t spendable until after you’ve gotten your refund, into immediate, hard cash today, available for your down payment and closing costs.
Seattle Mortgage Rates Today February 6, 2009
Obama’s stimulus package for the housing industry remains under debate. The $15,000 tax credit has not been finalized for Seattle home owners.