January 14, 2009, 8:00 AM PST
Fannie Mae Mortgage Backed Securities (MBS) Down 2.4 basis points (bps) to 4.158%
*A Basis Point (bps) is 1/100 of 1.00%

National Average Fixed Rate Mortgage  Unchanged 0.0 basis points at 5.08% 01-13-09

Float with Caution
Mortgage Backed Securities are declining into an oversold territory from a nuetral zone where they have rested for the past week.

DJI Stocks Down 277.73 -3.29%
European and Asian Markets Down 3.41%

10 Year Treasury is currently 2.19%

Crude Oil Currently $37.13 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

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