Weekly Poll Results for December 5th

The question of the week was Your estimate for when the economy will begin recovery?

The results were as follows:

100% of the responders said 2009

This is encouraging that the majority of the people at least in our little community are optimistic about our economic chances for next year. Does this have something to do with the incoming Presidential administration? Perhaps it is more a positive responce to the efforst of the Feds to stave off a deeper recession?

Time will tell. We will continue our efforst to inform and encourage your participation so that we can all benefit from a greater understanding of the financial world we live in!

We thank those that took time to participate in the survey. Unfortunately no one left any comments with their contact information so we were not able to do any interviews. Hopefully this week we will be able to provide an interview along with the poll results.
Please remember to not only participate in the poll but to drop a comment with your contact info so we can interview you!

Poll of the week results for week ending 11/28/2008

The question posed in last weeks poll was What will have a bigger impact on the economy from new president?

The results were as follows:

60% said Ending the war in Iraq

20% said A new stimulus package

20% said A foreclosure moratorium

The overwhelming majority feel that ending the costly war in Iraq will free up enough capital that we can focus on rebuilding our economy at home.

We thank those that took time to participate in the survey. Unfortunately no one left any comments with their contact information so we were not able to do any interviews. Hopefully this week we will be able to provide an interview along with the poll results.

Please remember to not only participate in the poll but to drop a comment with your contact info so we can interview you!

Feds change mind AGAIN now will buy bank assets

Okay so this sounds like a childrens playground sage we know, but the Feds now say they WILL buy the troubled assets with the TARP (trouble assets relief program) funds that they were given.

News on this development and the speed with which they announced they will try to put it onto the street drove mortgage rate strikingly low today. The market saw 5.25% par pricing on a 30 year fixed interest rate today! This is excellent news for everyone and shows just how quickly the market would be able to recover if only people would get off their overpaid behinds and make things happen.

With pricing flirting with the bottom range of 5% one has to wonder if it's too much to ask Santa for a mortgage note for christmas that start with a 4!