| The first-time home buyer tax credit of $8,000 has been extended to April 30, 2010, and the income limits have been increased from $75,000 to $125,000 for a single tax filer to further stimulate the mortgage market for eligible first-time home buyers. With only one month left before the stimulus program expires, members may see an increase in mortgage applications in the coming weeks.
Following are two sample strategies for funding 30-year fixed-rate mortgages with a rate of 5.00 percent using long-term wholesale funding.
View the funding strategies
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