If the Titanic had silicone caulk...

Perhaps the uses for band aids, silicone caulk, gaffers tape, vinegar and other known fix it type of products could be figured in to the economy? Well, today, it seems that a 3/4 point adjustment in rates by the Feds helped some people with their thoughts and feelings anyway. As the stocks rose, gold fell, and oil rose. What also seemed to help a bit for confidence today were the results of a few of the large banks like Goldman Sachs and Lehman Bros.

What does this mean for tomorrow and the rest of the year? Hmmmm...We'll see?

If the FHA $417,000 loan cap can be lifted, as has been discussed, we will see some major changes made in the overall economic situation throughout the United States. Bush has refused to do anything with this saying that it is designed to help low and moderate income families not the rich. Perhaps he hasn't ventured out of his sheltered lifestyle for some time. It is true that in TX that kind of money can get someone a whole lot a house, but there are so many areas in the United States at this point that this kind of housing price would not get anyone anything except a crack house. Those are not the most desired neighborhoods in which to raise a family. Amendment HR 1852 was written to bring this number up to $500,000, however, even today there are discussions to raise it as high as $700,000's. As inflation gets adjusted this never seemed to over time. As job income falls behind inflation we can begin to see how this number can quickly get out of reach for so many areas in the United States. In order for people to be able to get the loans that are not Jumbo type of loan programs I don't think will we be able to see the mortgage situation begin to get into control anytime soon.

I feel that the FHA rates needs serious work in order to help all type of home buyers. The rich are not considered rich at $1,000,000 anymore. We need to bring things into the 21 century so we can move forward. As soon as this happens we will find the needed band aid, caulk, tape or solution to many of the ailments we are seeing...