Six Silver Linings To The Financial Crisis

Since we’re annoyingly “glass half-full,” we’ve been searching around for some silver linings to this whole financial mess. And with all the market woes, we think everyone’s in need of some good news. So here are a few good things about the financial crisis:

  1. Lower Mortgage Rates: 30-year fixed-rate mortgages recently averaged 5.8 per cent versus 6.26 per cent at the end of July. Home-loan applications were up 2.2 per cent last week and purchases were at a six-year low the previous week. A recession will only bring a further drop. The only catch: Higher down payments required. [Bloomberg]
  2. Health Improvements…But Pretty Much Only If You’re Already Rich: Heart attacks and car crashes down because of fewer opportunities to glutton it up at booze-filled fancy dinners. [NYTimes]
  3. Travel Discounts: If you still have any cash left and have been putting off that Caribbean vacation, now is the time. One fancy island resort is offering 50% off and other perks are popping up, including free meals, resort credits, and airfare reimbursement. [WSJ]
  4. Your Husband Is Less Likely To Divorce You: Apparently worries over lowered housing values outweigh wanting to make his hot secretary wife no. 3. [Miami Today]
  5. Schadenfreude Has Become Socially Acceptable.
  6. It’s Brought Us The loveable Rocket Scientist Neel Kashkari.

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