Good Morning!

Here are today's par rates:
30 Yr Fixed Conforming
5.5%

30 Yr Fixed FHA
5.0%

As a reminder, if your buyer is looking at purchasing a home that needs repair, I can do both Conventional and FHA 203k Rehab or Renovation Loans.

What's going on in the market:
To be or not to be nationalized continues to be the focus in the financial markets, particularly in reference to Citi, and some of their European brethren. The U.S. Treasury, Federal Reserve and other agencies told us this morning they will initiate a program on Wednesday to assess large U.S. Banks’ capital needs and determine how much, if any, additional capital the government will need to inject. So far, government officials are downplaying the “nationalization� theme in favor of re-invigorated private financial institutions. The U.S. equity markets are trading lower again today with bond yields flat from the close on Friday, and prices for mortgage bonds are trending lower. Economic data this week will focus on the housing sector, with the release of the CaseShiller home price index, existing home sales, and new home sales.


All the Best,
Etta Foote
Sr. Loan Officer
Specializing in FHA, Conventional, Rehab & Construction Loans
EVOFI One
702-293-0563 ho
503-551-2522 cell
702-947-7463 wo
702-952-0695 fax w/cover
website: www.evofione.com/etta.foote
email: ettaken@msn.com

Labels: condos lending, conventional, lending rates, renovation loans