As the Feds drop rates to 0% today and advise banks to eliminate reserve requirements.

The Fed cut today does not automatically lower mortgage rates, if anything it stopped the bleeding of this past week. 

An incredible response from the fed and shows the danger the historic debt bubble they have blown is in.

Fed fires it's biggest bazooka shot in history and futures DOWN!!

I called a couple of banks (Pen Fed, Bank of America) - both said they don't do this type of loan.Thanks in advance!

But with things being the way they are right now and all signs pointing to a down turn (businesses closing, people already losing jobs, feds lowering rates to zero, feds quantitative easing, people having to stay home for who knows how long, etc.), is waiting a couple months the better decision to make?

But with things being the way they are right now and all signs pointing to a down turn (businesses closing, people already losing jobs, feds lowering rates to zero, feds quantitative easing, people having to stay home for who knows how long, etc.), is waiting a couple months the better decision to make?

Hopefully, the secondary markets stay strong, even if it's because the Fed is propping them up.

There are still a lot of unanswered questions regarding the feds hold on evictions and foreclosures.

you won't be getting much yield though now that the fed essentially slashed rates to 0