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This answer is from I will be considered a first time home buyer at the end of Sept 2009. Should I buy now at 5.0% interest or what until Oct 2009?

Thomas Fisher, CFP®Napfa_small
Expert Partner
Thomas Fisher, CFP® said
3 months ago

I'd agree that the odds of an interest-rate spike are small. If you make any actual purchase offers, you should specify in the offer (and purchase and sale agreement) that the closing date will not be before whatever date you need to qualify as a first-time homebuyer.

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