Becember 29, 2008, 3:00 PM PST
Fannie Mae Mortgage Backed Securities (MBS) Down 6.10 basis points (bps) to 4.4701%
FHA Wholesale Rates were Down 20.2 bps from 5.252 on Friday to 5.050%
*A Basis Point (bps) is 1/100 of 1.00%
Mortgage Backed Securities remain in historically oversold territory placing the odds of rates continuing in an upward direction for the week at 80%
DJI Stocks Down 31.62 -0.37%
European and Asian Markets Up 0.61%
10 Year Treasury is currently 2.10% Down from 2.17% Friday
Crude Oil Currently $40.02 per barrel.
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FHA Introduced HOPE For Homeowners
Program details for homeowners in trouble
100% Financing at 5.50%
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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