First Time Home Buyers Tax Credit To Be Extended

The U.S. Senate worked on working out a vote on Tuesday to extend a popular tax break for home buyers that has helped lift the housing market out of its worst slump since the Great Depression,

At day's end there were a few different idea's/plans on the table. "We're close to being able to finish things up," Johnny Isakson, R-Ga., the leading Senate advocate of the home buying credit, said early Tuesday afternoon. "I think we've got a good solution."

This is great news for the housing market which has been on an upswing the past few months.

Those of you who missed the boat may have an opportunity to still take advantage of a Federal Tax Credit if the U.S. Senate could come to an agreement.

Stay tuned in for updates as they become available.

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Leo Namiot

Connecticut First Time Home Buyer Mortgage Specialist

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