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Technology Stocks : Intel Corporation (INTC)
INTC 47.14-6.1%Feb 10 3:59 PM EST

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To: L. Adam Latham who wrote (124123)1/3/2001 4:24:43 PM
From: Robert Douglas   of 186894
 
Adam,

Unless you're going to go with an ARM, the Fed's move today hurt you. Bond yields were up 15 basis points today and that is a more relevant guide to where 15 and 30 year fixed-mortgages will go. I think the bond market would have preferred a more gradual approach.

You should still be OK. Mortgage rates have come down a long way.
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