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Non-Tech : Bill Wexler's Trading Cabana
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To: JDN who wrote (2881)10/2/2007 2:17:35 PM
From: Minos   of 6370
 
How much does cutting the FF rate really impact traditional 30-year fixed rate mortgages? My impression is that these mortgage rates correlate more closely with the 10-year. With rising inflation and a falling dollar, the yield curve is steepening. FF rate cuts might help some ARMS but not necessarily 30-year fixed.
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