Mortgage Rates Poised to Jump as Fed Cuts FundsQuicklink submitted by Margaret Bassett Permalink
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|The home buyers tax credit of $8,000 for first-time buyers and $6,500 for repeat buyers expires April 30. Although many experts think the program simply caused people to buy houses earlier than they had planned, its end is likely to cause a dip in home sales. 'Higher interest rates without a tax credit means the cost of buying a home will rise significantly,' Zandi said. 'We should expect much weaker home sales in May|
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