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I know that I have informed you that the first-time homebuyer tax credit was extended and expanded to include existing homeowners. I'm sure you also know that interest rates are at an all-time low. Interest rates are currently hanging in there below five percent fixed for most scenarios. Something you may not know is that the Federal Reserve has already bought over $1 trillion in mortgage-backed securities of the announced $1.25 trillion total they agreed to buy earlier this year. When the Fed mortgage market support ends, rates will probably rise quickly. My advice to you is to make hay while … (0 comments)
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