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Real Estate Chart of the Day
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What's the difference between a good mortgage rate and a great mortgage rate? Timing.
Based on the last several months of real estate data, it appears as if home buyers are about to lose their upper-hand. When they do, buying a home won't be nearly the "deal" it may feel like today -- especially once mortgage rates head back up and after the $8,000 First-Time Home Buyer Tax Credit expires December 1. They say this is a Buyer's Market. It's only a buyer's market if you actually buy.