In a previous post we stated that we expected to see an increase in refinance loans in the coming months. As it turns out, that refinance bump might be here sooner than expected.
It's official. Congress has extended the deadline to qualify for new home purchases to September 30th.
I think I just felt a breeze from the collective sigh of relief of 180,000 people. That's the amount of home buyers saved from being left out in the cold.
The closing date for new home loans was initially set for June 30th (yesterday). The new bill only allows people who already have signed contracts to finish at the extended date.
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