3:00 PM ET – White House spokesman Robert Gibbbs said today that economic advisors are studying the impact of the home buyer tax credit and whether or not to extend it. The real estate industry has been pressing Congress to extend it, increase the amount and broaden it to all buyers.

Mortgage Interest Rates*
Rates as of Monday the 14th of September, 2009:

      Loan Program                      Interest Rate                          APR
USDA 100% Loan no MI                   5.00%                               5.50%
FHA 30 Year Fixed                             5.00%                               5.50%
VA 30 Year Fixed                                5.00%                               5.50%
30 Year Fixed                                      4.875%                             5.375%
15 Year Fixed                                      4.25%                               4.50%

*Rates and APR’s are based on a $250,000 loan amount and are subject to change due to market fluctuations and borrower’s eligibility.