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Who Needs a Tax Credit? Why today's low mortgage rates offset the first time buyer tax credit

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I was thinking of several buyers who gave up on home ownership because they didn’t get an offer accepted prior to the $8,000 federal tax credit.  Even now, long after the April 30th tax credit deadline borrowers that come to me for financing always ask if they are still eligible for the $8,000 tax credit.  I am the lucky one that gets to tell them they missed the ball on that one.  But, I also get to tell them that


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