Will the tax credit be extended? The question of the year! San Antonio, Texas

Congress is debating about the extension of the home tax credit? Will they extend or won't they? This is the question of the year. We are a country of procrastinator's. The buyer that has waited and is on the fence will not get off. This could be your big break. But like all second chances be warned. If the tax credit is extended, be ready for rates to start going up. Don't for one minute think that you can wait any longer. That bus left a longtime ago. I am seeing it now with some lenders. As of today the rate is around 5.5% and I have heard some mortgage bankers charging 6%. The days of 4 or 4.5% rates are gone..

Mr. & Mrs buyer, be ready to jump and move if you want to get your tax credit. what ever or forever long the next tax credit will last there will not be any time to sit and wonder. It will be more like I better before the rate goes up any further. Your ability to negotiate a better rate will not happen. The banks are flooded with loans that they don't need to drop the rate. your best bet is to buy now before your paying 6,7 or even 8%

As a real estate professional I sure hope those that thought about buying seriously consider your options. Owning a home is still your security to your future.

http://www.tmartsellshomes.com