CNN is reporting they have a source in the Senate that has indicated a tenative agreement to extend the FIRST TIME HOME BUYER TAX CREDIT of $8,000.
The deal is not done yet and details are not published but here is what the CNN source is saying:
- First time buyer credit would be extended through April 2010
- Current home owners that have lived in their current residnce for 5 years that purchase a home for primary residence purposes could receive up to $6500
We'll keep you posted!
ROB SPRING, MBA
www.ultimatelender.com (Real time interest rate and closing costs estimates)