Wednesday, February 4, 2009

Federal Bailout Update

Homebuyers could see lower mortgage rates and get tax credits as part of a sweeping economic stimulus package being considered on Capitol Hill as lawmakers listen to pleas from Realtors and home builders. A leading Democrat says his party would support a GOP-backed idea to double the first-time homebuyers' tax credit - from $7,500 to $15,000 - and make it available to all homebuyers.

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