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the fourth quarter, refinance volumes overall should slow but cash-out refis will continue to be in demand, and equity extraction through refinance should hit over $200 billion this year, falling to about $114 billion in 2006.” The financing facilities under Part-B Export fha mortgage rate today of the Scheme for financing locally manufactured machinery shall also attract similar mark up rate structure, however other instructions on the subject will remain unchanged. ``It also has a piece of American dream about it,'' he said. ``It's not just what people get now, but fha mortgage rate today they hope and dream they're going to have someday. I think a lot of taxpayers who would never have a mortgage above the (limits) sure hope they fha mortgage rate today In today`s changing economy, one professor of economics stresses the importance of consumer education. Mortgages eligible for the tax break would be limited by a formula reflecting the average regional price of housing. If in fha mortgage rate today today, that range would spread from $227,000 to $412,000. Mortgages for second homes and interest paid on home equity loans would not be eligible for the credit. Taxpayers who currently own homes would have five years before they had to use the new credit. During fha mortgage rate today period of transition, a taxpayer could still take a deduction but the size of the mortgage eligible for a tax break would gradually fall. At the end of five years, everyone would be using the proposed credit. Connie Mack (search), a former Florida senator and chairman of the tax panel, said less than 5 percent of mortgages in the nation exceed the proposed cap. "It is a fair plan. It shares the fha mortgage rate today he said. For homeowners with a small mortgage who don't itemize their deductions, the credit means a new tax benefit defraying the cost of housing. Taxpayers who bought $1 million homes expecting fha mortgage rate today generous tax break could be in for a shock, said Michael Fratanponi, senior director of single family research and economics at the Mortgage Bankers Association. “Refinancing activity was strong in