We’ve been talking about subprime lending woes for a few months now, and until yesterday, it still seemed as if the worst might be over. However, the crash is really just getting going now, it seems. Rumors of an emergency meeting of the Federal Reserve has investors extra jittery this morning as the Dow continues its fall. And, with all of this going on, a couple of things are likely to happen:

1. Mortgage rates will likely drop further
2. Mortgage lending standards will probably tighten again

For someone with good credit, this might not be a bad thing. And for the extremely opportunistic, the stock market decline presents opportunities for cheap investing. Just be careful of what you choose. You want something that will, in fact, recover when this is all over.