December 1, 2008, 8:00 AM PST
Fannie Mae Mortgage Backed Securities Down 0.5 basis points (bps) to 5.086%
*A Basis Point is 1/100 of 1.00%

Advise to Lock
Rates remain in a historic "Oversold" condition.  My best advice is to LOCK immediately.

DJI Stocks Down 378.57 -4.29%
European and Asian Markets Down 3.91%

10 Year Treasury is currently 2.83%

Crude Oil Currently $50.92 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