Feb 11th Market Update

The Dow was down over 300 points yesterday. It is attempting to recover this morning. I feel however we are still on a downward trend.


30 year fixed rate 4.5%
( 4.771% APR )

30 year fixed FHA rate: 4.75%
( 5.028% APR )

Jumbo rate: 5.5%
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.
(5.838% APR)

Today's News:

Lawmakers grill bankers about bailout funds
Bank executives say they are putting government money to work

http://www.marketwatch.com/news/story/Lawmakers-grill-bankers-about-bailout/story.aspx?guid=%7BE87293EB%2DF45C%2D41B3%2DBAF1%2D8931D7009804%7D

Loan Modifications

We have loan mods!!!! If you are having trouble making payments, or are more than 30% upside down in your mortgage