Good news was announced last week for buyers under contracts entered before April 30, 2010.  The home buyer tax credits of $8,000 for first-time home buyers and $6,500 for existing home owners that previously expired on June 30, 2010, have been extended.  Purchasers now have until September 30, 2010 to close and qualify for this tax credit.  Interest rates continue to trek along at close to all time lows.  It is not out of the question for a buyer to finance a new home with an interest rate under 5%.  Perhaps these great incentives will assist in boosting our economy.  

If you are planning to purchase a new home or commercial property or are planning to refinance your existing loan, please ask your lender to permit Cambridge Land Title Agency, Inc. to serve as closing agent.