Economic Stimulus Bill Affects Us Positively

The number one way most Americans establish wealth in their lifetime is through the ownership of their homes. Historically, home values across the nation double in value every ten years. So, any program that increases our ability to own a home is good for our financial security.

This month our Federal Government will pass an economic stimulus bill increasing both FHA and Conventional Loan Limits that will now enable 700,000 home owners to refinance their existing home loans with more affordable interest rates. The bill will also enable over 430,000 Americans to sell their homes that have not been able to do so in past months. Additionally, over 130,000 new FHA buyers will be able to enter the housing market as a result of passage of this important economic stimulus package.

Be sure to view the National Association of Realtor's® Podcast discussing the February 19, 2008: Stimulus Package that will boost our national housing market.