Over the last few weeks the stock market has reflected the roller coaster ride of national emotions that have passed through each of us since news of the Freddie and Fannie buyouts, the Lehman Bros. bankruptcy, and scores of other failures were brought to our consciousness.
Today, that roller coaster ride should level off for a bit as President Bush has signed into law this historic bailout. While the passage of this bill can be successfully considered both good and bad, one thing is clear: the passage of this bill will do much to stabilize the credit and stock markets.
We should see interest rates stabilize over the next few weeks as it becomes more clear how the money will be used. For now you can read about it on KSL. To find out if you qualify for a home loan, fill out this brief request form.
4 Comments
October 5, 2008 at 11:50 pm
hey
October 6, 2008 at 10:45 am
A level rollercoster is a less enjoyable ride; however, turning the downward zoom our economy is currently experiencing will allow more people to go to the amusement parks to enjoy the ride.
Barry Preusz
http://www.condosutah.com
October 6, 2008 at 7:32 pm
The bailout will not stablize our economy. In fact, it will cause massive inflation and a further devaluation of our money.
October 8, 2008 at 7:15 pm
Hey Jonny –
How about a blog entry on sub prime mortage lending? What is that all about? Is it true that it is going to be harder and harder to get loans, even if you have good credit?