GREAT RATES!

I just got an email from Jeff Harris at Wells Fargo with some great rates. Take a look at this!
Rates have dropped to the lowest levels in several months:

4.875% Conventional 30 Year Fixed with no points.

5.25% Conventional 30 Year Fixed Hi-Balance, no points.

5.00% FHA or VA 30 Year Fixed with no points.

6.25% Jumbo 30 Year Fixed with 1 point.

Clients can submit a free pre-approval application on my website www.wfhm.com/jeffrey-harris

A helpful link with information about the Economic Stimulus package is: www.financialstability.gov

I've worked with Jeff for several years in the Howard County Association of Realtors - he's a good man and will do a great job for you on your loans. He is one of several lenders that I recommend to clients. You can contact him at:

Jeff Harris
Wells Fargo Home Mortgage
8830 Stanford Blvd. #302
Columbia, MD 21045
(410) 872-1940 Tel
(410) 290-1818 Fax
jeffrey.harris@wellsfargo.com
www.wfhm.com/jeffrey-harris

More on Tax Credits

Yet another update about the tax credits reported on earlier. The $8000 is for First Time Home Buyers buying their principal residence. Here's a note from Jeff Harris at Wells Fargo:

"I read a preliminary summary of the new Tax Credit in the Economic Stimulus Package. The credit is $8,000 for first time homebuyers purchasing their principal residence. (not vacation homes or rental properties). The credit would be calculated when the tax returns are done, not provided at closing.

Looks like the 2008 higher loan limits are also being reinstated. That will bring Howard County up from $494,500 to $560,000!"

The $15,000 proposed tax credit is for any home buyer, not just first timers, buying a principal residence. It has gone through the Senate and Congress as of today and is waiting for the President's signature. More to come as I get it!