Friday, February 6, 2009

$15,000 Tax Credit?

Click the title to link. Do you think it would stimulate the economy if Congress passed a $15,000 tax credit for those who purchased a house this year? Well this is what was just added to the"stimulus" package. We certainly do not think it would hurt, and may indeed help the dismal housing market right now. But it has its doubters also.
By the way, for those of you who continue to hear 4% rates, everything we read and hear is that it would be only for those who are purchasing a house. Sorry refinancers.

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