I just wrote a post a couple of days ago about the great loan available from the State of California for first time homebuyers who were either disabled or had a disabled family member living with them.  It was a 4%, 30 year fixed rate loan.

I have to eat my words – the State just jumped the interest rate up a whopping 1 1/2% to 5.5% yesterday. It’s obviously due to the turmoil in the financial markets. Many people are now waiting for cooler heads to prevail on Wall Street.