Our FED Chairman Ben Bernake has proposed that Jumbo loans be guarenteed by the US government! You can read all about it HERE Financials are truly in trouble and the forecast is it will get much worse! At this point it seems the FED is being run by the stock markets and the media. I don't believe our country will be able to sustain these rate cuts very long, the dollar continues to weaken, we have a war to pay for and to top things off oil futures are looking at $120/Barrel and the countries top financial institutions continue to report record losses!. Now is a great time to invest in the oil markets. Now more than ever is the time to get off the fence if you are a buyer and lock in a rate for at least 7 to 10 years. Our current situation is a perfect formula for inflation and a recession and I would not be surprised to see rates of 9% or 10% five years from now.