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May 30th, 2008 (Modified on June 26th, 2008)

Did You Get Your Check Yet?

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The government began issuing economic stimulus checks to all who filed a 2007 tax return on April 28 of this year in an attempt to kick-start the stalling economy. The stimulus checks were designed to entice consumers to spend their “free” money on a variety of products and services such as electronics, restaurants, and retailers. As economic conditions have deteriorated and inflation has escalated since the stimulus plan was first hatched, many consumers are more likely to pay off debt, fill their gas tanks, and stock their pantry shelves contrary to the government’s intentions.

The payments are issued based on the order of the last two digits of your Social Security number. Those who selected direct deposit when filing returns will receive payments prior to those who will receive a paper check. If more than one person is listed on the tax return, the payment schedule will be based on the Social Security number of the first person listed.

For the complete economic stimulus payment schedule visit IRS.gov or click here. If you have any questions concerning your rebate check, contact the toll-free Rebate Hotline at 1-866-234-2942.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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