BUYERS…as of last week HUD is easing up on the 90-day rule where the seller must own the property for 90 days or more before the property can be purchased with FHA financing, in order to help pass along the affordable housing and to promote quicker pricing stabilization. The waiving of this rule will be temporary and certain restrictions will apply, however it sounds like investors looking for a quick turn should take advantage now and as 2010 is well under way, you should know that market experts are predicting Mortgage Rates to increase dramatically over the next few months to 6.0% or more by the middle of the year.Also there are only 95 days left until the tax credit is ending on April 30th, 2010. Don't miss this $8,000 Home buyer tax credit!
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