Daily Mortgage News

Bank of America and Citigroup's shares went down 20%  because they might become Temporarily Nationalized. In the end no one really wants this done, Senate Banking Commitee Chairman and the Obama Administration are trying what they can to avoid this but it might have to be done wither way, even if it's just for a little while.  If Nationalization is done it does not necessarily mean that these 2 banks will be nationalized it might be others that would not normally survive this economical crisis. Lets see if this is necessary and hope for the best...

Daily Mortgage Rates

Conventional 30 Yr. Fixed Rate: 5.375%

FHA 30 Yr. Fixed Rate: 5.50%

100% (USDA) 30 Yr. Fixed Rate: 5.50%