The Senate voted Wednesday to expand the economic stimulus package with a tax break of up to $15,000 for homebuyers. The low government mortgage rate buy down and the $15,000 tax credit would be very beneficial to the housing market as well as the overall economy. We will probably never see anything like this again in our lifetime. To buy a home with a 4.5% interest rate, or lower, is very good. To add a large tax credit on top of it is really a no brainer if you are even thinking of buying a home. I think we all need something like this to go through.
Want to read more, check out these articles:
Senate OKs $15,000 Tax Break for Homebuyers, USA Today
Senate Adds Homebuyer Tax Credit to Stimulus Bill, NY Times
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