While mortgage rates fluctuate, but ultimately remain at elevated levels, President Biden is expected to announce new incentives for homebuyers in his State of the Union address Thursday night, according to the Washington Post. Yahoo Finance Housing Reporter Dani Romero explains what these incentives and tax credits will mean for middle-class and first-time homebuyers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

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