Hello All,
I am here to help with any and all mortgage questions. Rates have been wild as of late. Today they are hovering right around 6.375... We usually can get an indicator of rate from the 10 year Note but it is been all over the place and the yield is huge so we are finding no help there... The tow biggest lenders FNMA and FMAC sold 3 billion in bonds to day and it help to rally wall street and push bank stocks up to new highs. Still a lot of worry in the market and financing new homes is still very tight. FHA is the place to be right now. If any one would like to know more about FHA please let me know and I can supply some information. I have a great power point that is call FHA 101 which will teach you the ins and outs of the programs. It is a valuable tool for success... Have a great day and I will be back soon...
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