An new announcement came out last week about the $8,000 tax credit that is currently being offered to first time homebuyers in the U.S. It seems like the government is not really satisfied with the activity of home purchases that have been going on and so they are adding another incentive to the program.Yes interest rates have been at all time lows and this has really helped out current home owners. While mortgage applications are up, many of these new applications are for refinancing and not for purchasing, which still leaves us with an over supply of homes issue.The new government announcement ups the anti and now the government is allowing qualified individuals to get the $8,000 before next year to pay for closing costs!!Just so everyone is clear, if you are a first time homebuyer an...
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