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    « Mortgage Rates Drop | Main | Mortgage Applications on the Rise »

    July 8, 2008
    Economy Might Still Be in Trouble

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    Right now, there is some debate about the state of the economy. Since last year’s subprime mortgage crash, the economy has been limping along, getting help from the government. Now, a year later, economists remain divided on where they think the economy is headed in the next six months to a year.

    Former U.S. Secretary of the Treasury, Robert Rubin, thinks that the economy will be facing trouble for an extended period of time.

    This morning, Ben Bernanke delivered a speech that didn’t exactly address the economy, but he did say that he would be working on finding ways to support the stock market. An indicator that, as yesterday’s stock market debacle with Fannie Mae and Freddie Mac proves, the economy could still be in rough shape as the financial sector continues to struggle.

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