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The Federal Home Buyer Tax Credit Enters Its Home Stretch — 30 Days Left

There’s just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.

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Mortgage Approvals Are Getting More And More Scarce

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.

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