What If the Goverment Cuts Its Lifeline for Housing?


If the government carries through with its plans, major support for the housing industry could end by April, leaving the sector to fend for itself. That could happen because of two critical decisions: The Federal Reserve plans to stop buying mortgages by the end of March, and the tax credit for home purchases will end with contracts signed by April 30 (buyers have until June 30 to complete their purchases).