November 20, 2008, 1:25 PM PST
Fannie Mae Mortgage Backed Securities UP 12.0 Basis Points (bps)*. to  5.839%. 
*A Basis Point is 1/100 of 1.00%

Advise to Lock
Rates have been down for the past three days and may have reversed a short upward trend.  They still have not established a trend and the safe thing is to lock.

DJI Stocks Closed Down  444.99 -5.56%
European and Asian Markets Down 3.66%

10 Year Treasury is currently 3.05%

Crude Oil Currently $48.70 per barrel.

Click here for the ULTIMATE FHA-VA Loan Officer Trainer and Pre-Qualifier   Calculates everything you need to know about FHA and VA Loans.  Qualifies Borrowers, Finds Rates,: Payments, Buyer and Seller Costs and FHA and VA Maximum Loan Amounts anywhere in the country.

FHA Introduced HOPE For Homeowners
Program details  for homeowners in trouble

100% Financing at 5.50%
Through CalHFA Community Stabilization on Selected homes throughout California.
Click for list of homes and program information

How To Apply For $7,500 First Time Buyer Tax Credit
Up to $7,500 can be borrowed from IRS

10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier

Current Market and Lending Updates