Meet Congressman Tom Price to discuss Healthcare

This just in from Cobb Chamber of Commerce:
Congress is currently considering legislation, that would significantly change healthcare in America. These drastic changes in policy are sure to affect all businesses. We invite you to share your thoughts and concerns on this issue, by participating in a conference call led by Congressman Tom Price.
The call will be held on Wednesday, July 29 at 9:30 a.m. Please R.S.V.P. to Thomas Beusse at (770) 565-4990 or thomas.beusse@mail.house.gov.

Where's your mortgage rate headed this week?

What's Ahead For Mortgage Rates This Week : July 20, 2009Mortgage markets had a tuff week last week as a combination of strong economic data and stand-out earnings results led investors into more risky investments. The Dow Jones Industrial Average was up 7 percent.Mortgage rates, unfortunately, didn't fare as well. As the first week since June in which mortgage rates rose, rates were up by a lot. Mostly for three reasons.The week's first big mortgage rate bump came Tuesday, right after Goldman Sachs released its blowout quarterly numbers. As one of the world's largest financial firms, Goldman's strong showing hinted that the financial crisis may finally be finished.Next, rates were impacted by the release of the Fed Minutes from its June meeting. In the report, it was revealed that Ben Bernanke & Co raised the economic forecast for both 2009 and 2010, noting that the recession should be ending soon.Lastly, June data showed that Retail Sales is expanding and that jobless claims are falling -- two potential positives for the U.S. economy that relies so heavily on consumer spending.This week, without much data, the mortgage market should continue to take its cue from the stock market. If stocks improve, rates are expected to worsen. And vice versa.The week's key events are Fed Chairman Bernanke's Tuesday testimony on Capitol Hill and Thursday's Existing Home Sales data. Mortgage rates remain volatile so if you're offered a rate that comfortably fits your household budget, consider locking in before the market can change.
Posted by Capital Credit at 11:28 AM

The First-Time Home Buyer Tax Credit : Use It By December 1, 2009 Or Lose It

The First-Time Home Buyer Tax Credit : Use It By December 1, 2009 Or Lose It

The government's First-Time Home Buyer Tax Credit expires December 1, 2009.

If you expect to use the program in conjunction with a home purchase, therefore, you may want to consider yourself officially "on the clock".

Assuming a 60-day window between contract and closing, there are now 77 days left to find a home and go under contract for it.

The First-Time Home Buyer Tax Credit refunds up to $8,000 at Tax Time for qualified home buyers. A few of the program's qualification criteria include:

• Home buyer must not have owned a primary residence in the past 36 months
• The home may not be purchased from a family member
• The household adjusted gross income must be below $95,000 for single tax filers and $170,000 for joint tax filers

The tax credit itself is limited to $8,000 or 10% of the purchase price, whichever is less.

Remember, though: The refund is a true tax credit -- not a deduction. This means that a taxpayer owing $8,000 to the IRS and claiming the $8,000 First-Time Home Buyer Tax Credit would owe the IRS nothing on April 15, 2010.

The complete list of qualifying criteria is posted on the IRS website.

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