Word on Extending Tax Credit for 2010

Have you been wondering, will the First Time Buyer Tax Credit stimulus package really go away as the timeline by law defines, or will they extend it?
Without disclosing the name of the person who forwarded the letter to me, and who was addressed on the letter, I did see the official letter from Washington that was written on October 5, 2009 that talked about this. My understanding of the letter lead me to believe that it would be possible that as the current tax advantage opportunity expires, there is possibility that a new one would be set forth including not just First Time Buyers. The new one MIGHT increase the amount one might get for the tax credit, and it would include anyone buying a primary residence rather than just the first time buyer.
Keep your fingers crossed!