Dow lost 186 points on renewed fears that global economic recovery is NOT just around the corner...

FNMA 4.5% closed at 100.22 which is about 38 bps higher than it was. We are back in the 5.0% range on the 30 year fixed loans.

Tomorrow could be slippery with potential profit taking and critical housing data released early in the session...call me in the morning or email if you have questions.

Oil relaxed again today...$66.75 barrel