The program is here! A few highlights on this initiative: interest-free shared equity loan available (5% on existing homes, 10% on new homes) Income requirments required of $120,000  or less loan cannot exceed 4 times your income available to First Time Home Buyers...

As expected prime rate increased a quarter percent this morning. This affects variable rate mortgage holders $13/month per $100,000 mortgage balance as well as home equity line of credit holders. No changes to fixed-rate mortgages....