CFASociety of Los Angeles is one of 134 societies of the global CFA Institute. Themission of the Society is to provide access to information, expertise andpersonal interaction to further members' professional development and to promotethe value of the profession and the CFA designation. About CFA Society of Los AngelesEstablished in 1931, the CFA Society of Los Angeles is a network of more than1,900 investment management professionals in the greater Los Angeles area. The Cisco CCNA Security and Wireless online certification training coursesprovide everything students need to adequately prepare for the new Securityand Wireless 2009 exams. FreddieMac said the "5/1" ARM, set at a fixed rate for five years andadjustable each following year, averaged 4.88 percent, comparedwith 4.99 percent a week earlier. A year ago, 30-year mortgage rates averaged 6.35 percent,15-year mortgages were at 5.92 percent and the one-year ARM wasat 5.17 percent A year ago, the 5/1 ARM averaged 5.78percent.

Lenders charged an average of 0.7 percent in fees andpoints on 30-year mortgages and on 15-year mortgages, unchangedfrom the previous week (Editing by Kenneth Barry) Stocks Bonds. CBT Direct Announces the New Offering of Online Training for the FollowingCertification Courses:Cisco CCNA(R) SecurityTAMPA, Fla., July 2 /PRNewswire/ -- CBT Direct announced today three newcertification online course offerings: Cisco CCNA Security, Cisco CCNAWireless and the new 4th edition of the Project Management Professional (PMP)online courses. OTHER RATES MIXED Freddie Mac said the 15-year fixed-rate mortgage averaged4.77 percent in the latest week, down from 4.87 percent theprior week. One-year adjustable-rate mortgages, or ARMs, rose to anaverage of 4.94 percent from 4.93 percent last week. The Obama administration on Wednesday said it is expandingthe number of borrowers who can refinance home loans under itshousing rescue plan.

Fannie Mae (FNM.P) (FNM.N) and Freddie Mac(FRE.P) (FRE.N), under the new program, will allow borrowerswith mortgages worth up to 125 percent of their home's value torefinance under its program, up from a 105 percent limit. housing market is both the source and amajor casualty of the credit crisis. A setback for the marketcould prolong a turnaround for the United States. The Federal Reserve has set a goal to buy up to $1.25trillion of agency MBS, $300 billion of Treasuries and $200billion of agency debt in 2009 to lower borrowing costs The battered U.S. Treasury yields,however, have come down recently, allowing rates to fall The U.S.

government has embarked on an aggressive plan tobring mortgage rates down to levels that will spur demand andhelp the hard-hit housing market begin to recover. Treasury yields, which are linked to mortgage rates, rosesharply early last month as inflation fears lessened theirappeal and mortgage rates responded in kind. Mortgage rates, however, remained above 5 percent for afifth straight week. Experts say mortgage rates at 5 percentand below are what is necessary to make a significant impact onhome loan demand, which has dropped significantly in recentweeks. Thirty-year mortgage rates had mostly been on a downwardtrend since the Federal Reserve unveiled its plan to buymortgage-backed debt in late November But the Fed metresistance in the bond market.

"The 30-year fixed-rate mortgage rate peaked this year overthe week of June 11 and is now around a quarter-of-a-percentagepoint lower this week," he said. "Lower mortgage rates are helping to support the housingmarket," Frank Nothaft, Freddie Mac vice president and chiefeconomist, said in a statement. "The stronger-than-anticipated demand for the debt hashelped maintain rates and even driven them slightly lower," hesaid.The drop in mortgage rates bodes well for the U.S. housingmarket's stabilization, with sales rising and home pricedeclines moderating in many regions of the country. Debt is driving interest rates, Cameron Findlay, chiefeconomist at LendingTree in Charlotte, North Carolina,said. "The true bellwether of rates is the supply of U.S.government debt, which continues to dominate headlines andmortgage rate direction," he said. 30-year fixed-rate mortgages droppedto 5.32 percent for the week ending July 2, according to asurvey released on Thursday by home funding company FreddieMac.