has another informative article describing how the lending environment has improved in the past few days. Unfortunately it hasn't made getting a loan any easier, and mainly only benefits those borrowers with A+ credit and a 20% down payment. Below is a piece of the story:

In the wake of the government's takeover of Fannie Mae and Freddie Mac last weekend, the 30-year fixed rate has dropped from 6.26% last Friday to 5.79%. But only buyers with a credit score of 740 of above - and a 20% down payment - can qualify for such a low rate. During the boom, borrowers only needed scores of 640 to land the lowest rates available. Even a 580 score would get them very close to the best rate.

I know from personal experience in April 2008 how difficult the lending environment has become. I purchased a condo with my fiance and I was hoping to only put 5-10% down for the purchase. After speaking with several different lenders, we settled on 30 year fixed at 5.75% with 20% down.

Link to CNNMoney Story