The deals at the stores today may get much better as the holiday season progresses.  In recent days we have seen major banks cutting back on credit card issuance and consumer loans.  We are not naming names here, but it is absolutely happening.  Both of these types of credit fuel consumer spending.  The consequences of these cutbacks likely include even more of a drop in consumer spending going forward.  My opinion, look for even bigger deals in the weeks ahead as stores need to unload inventory.

As was noted the other day, conforming mortgage loans have seen a dramatic drop in rates.  The underwriting is still tight, but those with good credit and steady employment should be able to take advantage of the historically low rates.  These loans may be the best Black Friday Deals around for those needing to refinance or wanting to buy a home.