That's the Problem With Using the Word "Big"

In my last post, The Big Bailout -- Where Did It Come From?, I talked about the Fannie Mae/Freddie Mac takeover by the U.S. Treasury. Boy, that seems like a long-time ago. This has been a long week marked by Lehman's bankruptcy, Bank of America's bailout of Merrill Lynch (a long-term coup for Bank of America, no doubt), and AIG's crisis -- which is a huge worldwide problem (not that Fannie and Freddie weren't). Meanwhile, homebuyers are really sitting on the sidelines, frozen in panic, perhaps.

Don't freeze. Think rationally. What steps can you take to secure your future? If you have an ARM, or any home loan at a 6.5% or better interest rate, consider refinancing NOW: If You Have An Adjustable Rate Home Loan, It Is Time To Refinance Into A Fixed Loan.

Become an informed voter. The choice we make in November will determine the course of government action on the economy. I'm thinking of this election as Herbert Hoover vs. FDR. How about you?

Check out: Financial Crisis Hard to Comprehend. Where did it begin? Not with real estate. The real estate industry was just part of a big messy circle.

For specific advice regarding Flagstaff real estate as it affects your financial situation, contact Team Heitland at RE/MAX Peak Properties.