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More Details $8,000 Home Buyer Tax Credit, IRS Filing Rules
Saturday, February 28th, 2009 at 1:05am. 2351 Views, 21 Comments.
Mortgage rates have gone up a tick, as noted below. This is due to some of the inflation fears that are starting to brew, which in turn pulls the bond market down, and raises interest rates. The inflation fear comes from the stimulus packages, and what their overall costs may be down the road. However, the economy is still stumbling, so the bond market may still be the “safe haven” for investors as we move along day to day. So, rates are going to stay volatile for some time yet. That's actually a good thing! We just need to get the buyers buying.
Okay, a little clarification on the $8k tax credit from last week. The IRS has ruled that if the home was purchased in 2008 then the $7,500 tax credit, which has to be repaid over 15 years, will apply. If a…
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