Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Bill Ladewig's PM Market Brief
May 18 , 2009, 1:32 AM PST 
National Average Fixed Rate Mortgage  Down 1.0 basis point to 4.89% on 05-18-09*A Basis Point (bps) is 1/100 of 1.00%
Fannie Mae Mortgage Backed Securities (MBS) Up 2.5 basis points to 4.360%
Lock Advice:  Float Rates moved in a narrow band for the past two weeks and the last small upswing has topped and is pointed down.
DJI Stocks Closed 8,504.08  +235.44  +2.85%
European and Asian Markets Up 1.42%
10 Year Treasury currently 3.23%
Nymex Crude Oil $59.03 barrel, Up $2.69
http://www.yourfhaguru.com Your source for current Lending news and information
$8,000 Tax Credit Advance ON HOLDSources at HUD stated  the tax credit advance or bridge loan is on hold until further notice.
Fannie MBS Issuance Hits Highest Mark Since 2003 Benefiting from historically low interest rates and a refinancing boom, Fannie Mae issued $87.8 billion in mortgage-backed securities in March, nearly doubling the previous month's volume.
1st Quarter Residential Loan Originations Jump 36% Thanks to interest rates that were at or near historical lows, residential mortgage lenders saw their loan production jump by 36% in the first quarter, according to preliminary survey figures compiled by National Mortgage News and the Quarterly Data Report.
How To Apply For $8,000 First ... more

__________________________________________________
Are you on The Rain? Grow Your Network!