First-time homebuyers rush to beat tax credit deadline and rising interest rates

Zachary and Elva Clevenger house-shopped for two years before deciding that now was the time to buy.

Prices and mortgage rates had come down. And the clock was ticking on the $8,000 tax credit for first-time buyers.

“It forced us to get moving,” said Zachary Clevenger, who expects to close this month on a yellow, two-bedroom house in North Kansas City.

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