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Program is designed to assist first-time homebuyers.
After 2 weeks of increases, 30-year rate dipped to 6.39%.
Net income rose 13.2% from Q4, but was down 47% from a year earlier.
GOP proposes 2 bills in Congress to repeal; Urban Institute says changes don't penalize rich to help poor.
Average for 15-year fixed rate fell last week.
Thompson denies pricing changes at Fannie, Freddie make wealthier borrowers subsidize poorer ones.
