The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: dpl who wrote (38170)	8/9/2005 11:50:55 AM
From: mishedlo	Read Replies (1) of 110194

I still don't understand why they cannot refi with another low rate. David What happens if property values drop? Can they refi the amount needed? Somewhere along the line appraised values are going to tighten signigficantly, credit scores matter, or other risks factored in. Perhaps refinance fees go up as well. But you also miss the point of refinance to what rate. Assuming someone got in at the bottom of the interst rate yield or with a teaser rate that has expired, exactly what rate will they get when they refinance? Mish

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