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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (127785)10/5/2001 5:01:17 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Sounds like this dood is really reaching and hoping on this call:

The housing market, which has been at record or near-record levels, has already begun to slacken as a result of uncertainty about employment and the direction of the economy. But unlike previous periods of economic slowdown, when consumer confidence was coupled with Fed interest rates hikes to combat inflation, rates are now low.

``Low mortgage rates will offset the drop in consumer confidence,'' said Berson.

Hope he says his prayers! (BTW, never trust anything said by an FNM or FRE employee regarding the economy!)<NG>
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