Sources claim the Senate will extend the tax credit until April 2010. The credit will remain at $8,000 for first-time homebuyers with a separate $6,500 credit for second home purchases
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Appropriations committees in the House and Senate are proposing to extend the temporary limits for conforming jumbo loans. The proposed extension of the conforming minimum of $729,750 for mortgages in higher-priced markets would run through the end of 2010.
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