Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

New Orleans Real Estate - Economic Stimulus Package
How Bush’s new economic stimulus package effects New Orleans Real Estate Yesterday, President Bush signed a $168 billion economic stimulus package into law. That is a ton of money but will it have any real effects on our economy? Let’s first start with the details:

Tax rebates of $600 to individuals who make $75,000 or less, and $1,200 to couples who make $150,000 or less. After those income limits, recipients get 5 percent of however much their income exceeds the limit. Tax rebates of $300 for individuals and $600 for couples who make at least $3,000 from income and Social Security benefits. Each child in a household gets an extra $300 in the rebate. The limits on the size of mortgage loans that can be insured by Fannie Mae and Freddie Mac will be increased from $417,000 to up to $729,750 depending on the median price of the area.Continued: New Orleans Real Estate - Economic Stimulus Pacakage
 
Read Also: Myth: Mortage Interest Rates will Plummet in 2008
Read Also: Are We Heading into a Recession?
You may also be interested in: New Orleans Real Estate - The Definitive Blog
... more

__________________________________________________
Are you on The Rain? Grow Your Network!