With the 500 point Dow drop on Monday, fixed rates plummeted, then regained some of the losses on Tuesday.  Wednesday should prove to be interesting, with more rate decreases due to the popularity of mortgage bonds coming.

FHA's $0 Down- Zero Down Payment program may be coming back.  But until Congress and the President do make the change, the program is available until the end of September, with purchases being able to be completed in the month of October.

Enjoy the low rates, and probably lower still coming up, as the markets will observe much upheaval with the financial sectors still having much pain ahead.

Andrew Schmidt- Nations Home Funding, Inc. BK0905991 ACSchmidt4@aol.com