[BarTopDancer]

Originally Posted by Morrigoon

For me... I am very encouraged by the plans to freeze interest rates on certain adjustable mortgages, because our mortgage seems to fall in the group that qualify for the freeze. This will totally save our butts.

Not only that, but it'll help stabilize pricing in the market in general. May take a couple months, but it should stop the bleeding. Once prices stop dropping, there are a lot of fence-sitters who will finally jump back into the market and buy. That means I'll make some deals and we'll be doing better financially, which will also totally save our butts and make life a little more pleasant.

Did you see this? Looks like only a very small percentage of interest rates will be frozen.

Only a fraction of the homeowners who face huge jumps in their mortgage payments appear likely to be helped by the plan, negotiated by the Bush administration, to freeze the low introductory rates on their subprime loans for five years. After that, they could be in the same position again.