Daily Mortgage News

The employees of AIG have decided that they will give back their bonuses this year. Aig is expecting back $80 Million which is actually only 1/2 of the $165 Million they actually handed out. A lot of AIG's executives have actually already given back the bonuses. I think thats only fair the way the banks are struggling, and considering that the U.S. Government had to bail AIG out.

Daily Mortgage Rates

Conventional 30 Yr. Fixed Rate:  5.50%*          

FHA 30 Yr. Fixed Rate: 5.50%**

USDA (100%) 30 Yr. Fixed Rate: 5.00%***

*All rates are subject to change; based on a 150K loan amount 30 Yr. term and APR of 5.693

**All rates are subject to change; based on a 150K loan amount 30 Yr. term and APR of 6.41

***All rates are subject to change; based on a 150K loan amount 30 Yr. term and APR of 5.366