Mortgage back securities are coming of the starting block positive today. The stock market is lower. Some poor earnings on the Street to with Best Buy and Macys. Just a couple of days ago we had that Circuit City was closing 150 stores. Retail Sales for the holiday season is not shaping up to be good.
No other economic reports are coming out today. The treasury department is set to auction 20 Billion with B in 10 years notes.
Also in the news was GM who is back to their lowest stock price pre World War II. Can you say government bail out?
Always we have plenty of money to lend for qualified buyers. Popular loan programs are Fannie and & Freddie (conventional loan). FHA, USDA and VA. We work with over 50 different lenders that if out goes out of business which who know what the future will bring that we work with so many that we have so many options
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