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!

The Senate, yesterday, passed an ammendment to the stimulus bill that would create a $15,000 tax credit for home buyers for the next year. It would apply to anyone buying a primary residence, new construction or an existing home. It passed by unanimous voice vote and appears to have no serious opposition.

That doesn't ensure it will still be in the final bill, but the odds appear pretty good.

Today the Senate is likely to vote on a provision that would lower mortgage rates for purchases or refinancing to 4.5% or lower. Again, it seems like there's a good chance of passage.

All this is very good news and could bring out a lot of new buyers in the next few months. And, one senator suggested that this would not be the end of the help for the real estate market.

Are we about to turn the corner? Stay tuned, but I'm feeling pretty optimistic today!