Trade Your $8K Tax Credit for Lower Interest Rate?

j0440956bThe Party’s Almost Over! I’ve been telling would-be home buyers for several weeks that if they want to take advantage of the home buyer tax credit, NOW is the time to pull the trigger, or they’re in danger of missing the November 30th closing deadline.

As a result of this looming deadline, we’re seeing a spike the number of multiple-offer bidding wars in the Edmond/OKC market. Realtor Magazine just reported similar situations in many other areas of the country, for the same reason.

Word of advice, quit trying to time your interest rate and get locked in on a house now. It’d be silly to miss out on an $8K tax credit while trying to time a simple 1/8% reduction in interest rate.

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Ryan Hukill About Ryan Hukill

I'm the founder and creative Firestarter behind the ShowMeOKC Team. I love this great city and all that's going on here, and really love showing it off and helping to break the age-old stereotypes.

I married up, am Dad to 5, friend to many, motorcycle-junkie, traveler, camper, jeeper, OU & OKC Thunder fanatic, and love a great steak, a great cup of coffee, and great techie things.