A proposal to extend the home buyer tax credit has been introduced to congress by Nevada senator Harry Reid. The home buyer tax credit which stimulated home sales this past spring required that homes be under contract by the end of April and close before June 30th. Reid's proposed extension would give buyers who met the first deadline more time to secure a mortgage loan or shop around for the best mortgage rates.The home buyer tax credit gave buyers strong incentives to take the plunge and purchase a new home this spring. Buyers purchasing their (4 comments)