In addition to the services you already trust us to provide, we can now help you with all your mortgage needs. As a loyal client, you know how hard we work on your behalf.  We thank you for your business and hope you will find our new mortgage services just as beneficial. Condo & Co-op Loans Jumbo and Super Jumbo Loans Investment Property (1-4 unit) Loans Mixed-Use Property Financing No Income Verficiation Loans Refiniance - Cash-Out  (For any Reason!) Refinance - Debt Consolidation No Documentation Loans We Also Offer Many Other Residential and Commerical Loan Programs! Take The Next Step! Let us apply the same level of service you have come to know and trust to all your mortgage needs. We will help you through the applciation process and make sure you get the best terms and rate. Call us Today for A Free Mortgage Consultation! (212) 682-5300 or email us at mortgages@cilibrasi.com The following information is as of January 25, 2008 An Election Year By Robert Gilman The 10 year note is currently trading at 3.58 down 6bps. from last week. Mortgage Rates as of January 25th: 30 year fixed                         @5.625%    10/1ARM @6.125% 30 year fixed (jumbo)         @6.25%      7/1ARM @6.00% 15 year fixed                         @5.125%     5/1ARM @5.875% 15 year fixed (jumbo)         @5.875%     3/1ARM @5.75% Other Key Indexes and Rates: 1Year T Bill....2.40%          11th District COFI....4.17% 1 Year LIBOR....3.08%          12-MTA................4.52%                    Prime Rate....6.50% Economic news this week that may impact mortgage rates:   Monday- New Home Sale Tuesday- Durable Goods Orders, Consumer Confidence Wednesday- GDP, FOMC Meeting Thursday- Initial Jobless Claims, Crude Invemtories, PCE Friday- Jobs Report, Consumer Sentiment Index    With last week's economic calander we saw a global market meltdown at the begining of the week due to growing concerns about declining corporate profits and overall health of the economy.    The Fed announced a suprise emergency cut of the Fed Funds Rate of 75bps. in attempt to alleviate the volatility and potential panic in the marketplace.  The markets continued their wild swings but by the end of the week the 10 year note and mortgage rates finished relatively unchanged.   This week is packed with economic data to digest so there is plenty of potential for another volatile trading week.  We start with New Home Sales followed by Durable Goods and Consumer Confidence.            Wednesday the Fed will announce its policy statement and their decision on interest rates which will likely be another cut.  The week is finished by the PCE and Jobs Report.  It will be interesting to see the inflation and jobs data coming out after the the Fed makes its decision on Wednesday.   Have a great week!     We have many additional mortgage programs!  No Income/Asset Verification Loans 100% Financing Second Homes and Investment Properties Bad Credit and Bankruptcies OK! Also Many Commercial Mortgage Programs Available