RATES ARE COMING DOWN!! The Government takeover of Fannie Mae and Freddie Mac is making its mark on the bond market.  Mortgage Backed Securities are up +150bp!  Fannie Mae mortgage bonds now are guaranteed by the US Government and investors are buying them up.  This should help drive down mortgage rates and hopefully get the housing marketing moving again.  With Mortgage Bonds being such a hot commodity the US Government now will need some low risk mortgages to secure them against.  I do not personally believe the mortgage crisis is over, but low mortgage rates can't hurt our industry!