Update on Stimulus Package

There are now two versions of the Stimulus Bill, a House version and a Senate version. You can compare the two versions on CNBC's website.

The $15,000 tax credit made it into the bill. The reduced mortgage interest rates did not. However, there's some talk about stripping the tax credit in the conference. Now might be a good time to talk to your legislator!

There is still some hope for the reduced (4%-4.5%) mortgage interest rate. The bill allocates $50 billion for the Treasury to use to reduce the incidence of foreclosures. Lowering interest rates would certainly help in that effort.

Stay tuned!