The lending market lost its rudder and took a nosedive last week and interest rate on some programs went up as investors stood on the sidelines in confusion. Where does an Investor put his or her money now? Unemployment is up slightly to 4.6%…the Jobs Report came in lower than expected… Crude oil prices dropped… Bond prices are up…The subprime mess continues to spook Lenders into eliminating “low documentation” loan programs, even for borrowers with excellent credit. You may want to do that refi or purchase sooner, rather than later.