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Mortgage Applications Plummet To 13-Year Low As Tax Cuts Expire

Posted By Chris On May 19, 2010 @ 8:42 am In Uncategorized | No Comments

Obviously this was going to happen! Anyone stuck with a property to sell right now (including me) is in for a long wait. I guess I’ll need to continue to rent my old condo for at least another year. The next few months should give us very little demand from buyers. This lack of demand should be fairly uniform whether you’re in Chicago or elsewhere.

Of course there’s a flip-side to everything. If you’re a buyer right now, you may be able to snag a better deal now, even without the tax credit, than you could have before April 30th.

[1] Mortgage Applications Plummet To 13-Year Low As Tax Cuts Expire - Yahoo Finance

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[1] Mortgage Applications Plummet To 13-Year Low As Tax Cuts Expire - Yahoo Finance: http://finance.yahoo.com/news/Mortgage-Applications-Plummet-siliconalley-1293323
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