Time is running out $ 8,000 or $ 6,500

So here it is April eight and New Jersey Mortgage rates have spike a little. Despite the good news on small recovers in housing and the job markets and the Fed not purchasing mortgages nj mortgage rates are not as bad as some analyst have been predicting.

So for our new jersey first time home buyers and move up buyer’s time is running out.The $ 8,000 for first time buyers and $ 6,500 for move up buyers will expire on April 30. This means you must be under contract by the 30 th and close before July 1, 2010.

The tax credit ending soon and very low nj mortgage rates should make the home buying decision an easy one. The amount of inventory available today can make a potential buyer a little over selective. Being too selective though can potentially cost you thousands. A slight rise in nj mortgage rates paid over 30 years and losing the $ 8000 gift from uncle Sam. So if you are serious about home ownership you must be willing to make some concessions and get off the fence in April.