Senate likely to extend homebuyers' tax credit

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!

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