Federal Government Stimulus

The current bill in front of the US Senate sounds like it all but done.  If passed tonight, it will include an $8,000 tax credit to first time homebuyers.  The previous tax credit passed last year was $7500, but had to be repaid over a 15 year period.  The new measure does not need to be repaid.  There has never been a better time for a first time buyer to purchase a home.  Interest rates are hovering around 5%, housing choices are plenty and the you get an $8k check from the government if you purchase before August 31st of 2009.  Happy shopping... Christmas has come 10 months early this year!