Those "don't tax and spend" Republicans are at it again and this time it could benefit the mortgage and housing industries directly. GOP senators are behind language in the Economic Stimulus bill that would provide homebuyers with a $15,000 tax credit if they buy a house. This is about twice what the Democrats wanted to offer. And here's the best part: it's for everyone -- not just first-time home buyers. Of course, the $15,000 tax credit language may not survive the final cut but lenders are drooling. Then again, with the unemployment rate closing in on 8% no one can afford to buy a house anyway. For an update on both the Stimulus bill and the mortgage jobless rate, see the Friday afternoon posting of
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