Sannhet Realty

Today Fannie Mae and Freddie Mac were bailed out by the Treasury Department. It lead to a huge rally in the stock market after falling dramatically before the weekend. The mortgage rates also went down .5% today alone. The rates may even fall more in the next couple of days.

This is a huge step in the housing market but as most believe it will not cure everything. It could just be a band-aid on the housing market.

We all know how the economy has been since the start of this year and sooner. We have been told we are not in a recession and then we are told we are in a recession. I guess it really comes down to how you look at things, but it is definitely a fact our economy is struggling in the states. Our hope is the government will do something about our economic woes and re-establish our economy. This is why we elected them into office.