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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?

FiLife Contributor

3 months ago

30-year conventional mortgage rates will probably stay in a range of 5.00% to 5.50% from now until the end of the year.

Make sure you actually close a home before December 1, 2009 to qualify for the $8,000 first time home buyer tax credit

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