Deal a boon to higher priced housing markets

[hometowngrl53]

Deal a boon to higher-priced housing markets
Tentative stimulus package could help buyers, sellers in those markets

WASHINGTON - A component of the U.S. government's tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets.

read here http://www.msnbc.msn.com/id/22826663/

[badmomma]

Thats good news. A higher cap should really help the market. I hope however that we don't see a higher forclosure rate in the future due to the higher loan amounts. I mean don't higher loan amounts mean higher payments?

[thohome]

higher loans do mean higher payments but the interest rate you get is really what effects the payments. Hopfully you get more house with those high prices.