New and exciting news in the mortgage business..........  Rates are below 5% which I haven't seen since 2002.  Of course, this is for the very good credit buyers.    Also, time is running out in order for first-time home buyers to take advantage of the $8,000 tax credit.  There are talks that the $8,000 tax credit might be extended into 2010, but no official word on that.  I will keep you posted.......

[Ed Note: The credit has been extended into April 2010.]

Clay Bohannan, Encompass Lending Group

W. 281.693.LEND

M. 713.858.9666

Clay Bohannan has been in mortgage originations since 1989 after graduating from Texas A&M University with a BBA in Finance. He serves the greater Houston metro area.