Saturday, February 16, 2008

Stimulus plan may lift Hawaii home sales

Hawai'i's slowing housing market could get a lift later this year by part of the national economic stimulus package signed by President Bush on Wednesday.
The stimulus package's main tool is tax rebates for consumers, but the law also temporarily will raise the maximum value of "conforming" mortgage loans that have lower interest rates than "jumbo" loans. Read complete article in the Hononlulu Advertiser