Tax credit and low mortgage rates boost home sales
WASHINGTON (AP) -- Homebuyers rushed to take advantage of government incentives and low mortgage rates in April, giving the housing market its biggest boost in five months.
But now that a homebuyer tax credit has expired, growth in the second half of the year will depend on the lure of historically low mortgage rates and the strength of the economic recovery.
Some economists say mortgage rates alone won't be enough to propel the market.
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