Last time we talked about the easy story on interest rates and where they were headed. Visit our newsletter archive for this and other past newsletters on www.cwcfinancial.com.

Two Interesting Items and One for Fun!

We have a very brief update for you this month...two pieces of good news and one item - just for fun.

The Senate voted overwhelmingly Wednesday to expand a first-time home buyer tax credit that will result in a far larger pool of people entering the dormant housing market.

The $8,000 tax credit for first-time home buyers, enacted as part of the stimulus package last February and set to expire this month, would be extended to April 30, 2010 and expanded to include a $6,500 credit for people who have lived in their current residences at least five years - that's excellent news...

This legislation now goes to the House, which is expected to quickly approve it and send it to President Barack Obama for his signature.  For more information please check out articles at the following news sources...

Bloomberg, Yahoo!, USA Today

The other piece of good news is that the super-conforming temporary loan limits have been extended for another year! Very good news for homeowners and home buyers because you are effectively getting jumbo loans for conforming rates...

Finally, just for fun, and probably more interesting to most of you than the above items, is one of our employee's (Charlie's wife) new blog... check it out at www.makemudpies.com - we think it's pretty cool stuff...

As always, we welcome you to give us a call or drop us a note anytime so that we can analyze your individual situation and advise what strategy might serve your best interest based on the present market.

Sincerely,Your CWC Financial Loan Team

888-711-5454 Toll Free / 415-454-1130 info@cwcfinancial.com