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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Crimson Ghost who wrote (82821)6/21/2002 11:33:14 AM
From: Bruce A. Thompson  Read Replies (2) of 99280
 
10 yr bond yields directly effect mortgage yields.

If the bond yields go up, so do mortgage interest rates. Read that as higher costs which reduce the consumer's impact on the recovery. Read that also as fewer consumers can qualify due to higher p&i payments further reducing the consumer impact on the recovery. Read that as smaller loans now have higher payments further reducing the consumers impact.

NOT good news.

BT
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