Is the current deadline for the First Time Homebuyer tax credit of $8000 and the $6500 tax credit for other move up buyers.

I recommend sharing this information with everyone you know and asking them to pass it on to everyone that they know.

First and foremost, the The U.S. House of Representatives and the Senate each voted to keep the loan limit for U.S.-backed mortgages of single- family homes at $729,750 until 2011, effectively holding interest rates down for a large swath of U.S. home buyers. The limit was scheduled to shrink to $625,500 at the start of 2010.Here is a link to the article:

Just a reminder that the Conforming Loan Limit is set to go back down from the current to $729,750 back down to $625,500 at the end of 2009. This means that starting January 1, 2010 any loan amount over $625,500 will be considered a Jumbo Loan which carries significantly higher interest rates.

The low loan  rates and lack of inventory is giving current first time home buyers a reality check when they want to purchase their first home.  Experience shows that having the right lender and real estate consultant helping you through the process is more important than ever.  The best way is to get a referral from someone you trust.