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My husband and I have been hoping to buy a house in Portland in the near future. We had been thinking it would still be a couple years down the line. The drop in interest rates, however, has made it possible for us to take the jump this fall. We're currently set to close on a place in early November. The $8,000 tax credit is a nice bonus, but it wouldn't have helped us make our monthly mortgage payments. What really made buying a home more affordable for us was being able to lock in a 5% interest rate.

posted 2 years, 7 months ago
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