We all know what the bad news has been: the looming threat of deep and prolonged global recession has some economists predicting unemployment to hit 6% by the end of 2009.

The good news is the Australian economy is in a much better position than some other countries to weather this kind of economic storm. Australia's banking system remains flush with cash and there are signs that the tight credit market might be easing.

With the RBA's recent rate cuts and injection of $4bn in the local credit market, alongside the Rudd government's move to boost the First Home Owner Grant, mortgage holders are now in a good position to further improve their cash flow.

This month's issue of Your Mortgage magazine shows you how to take advantage of lower rates to ramp up your repayments and pay off your loan faster. While property buyers are on strike it's also time to negotiate with your current lender - Your Mortgage will show you how to save a wad of cash using proven techniques.

Whether you're looking to upgrade to a larger property or downsize to something smaller, you'll find valuable tips in Your Mortgage to help you with your property search.

Our regular features include the Editor's Choice, state of the market and our loan comparison tables, where we compare over 1,900 mortgages. Make sure you get to your newsagent and pick up a copy of the December 2008 issue on sale now.