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[7 Jul 2010 | One Comment | 2,816 views]
Home Buyer Tax Credit Extended; Mortgage Rates At 54-Year Low

ROGERS — First-time home buyers have more time to close the sale of a home to qualify for a federal tax credit, and to get interest rates that have not been so low since Elvis Presley was an unknown singer.
The federal home buyer tax credit has been extended and banks and other lenders have slashed interest rates to further stimulate home buying, said Bruce Castleberry, community outreach coordinator for Credit Counseling of Arkansas’ Fayetteville office.
The average interest rate for 30-year mortgages hit a 54-year low in the third week of June, …