Since the beginning of the week current mortgage rates have stabilized. Friday’s unemployment rate have shown a surprising decline over May’s unemployment numbers due to which the mortgage rates were forced to rise a little bit but rates haven’t changed much since then.
As compared to historical standards, today’s mortgage rates are still low, that it is being suggested that if you are looking for a mortgage to purchase a home or refinance your current mortgage then this is the right time to do it.
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If you are buying a home for the first time then there is also a tax credit of $8,000 to purchase a home. Some legislators along with the National Association of Realtors are making efforts to in order to pass a law giving all home buyers a $15,000 tax credit.