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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (54124)1/4/2001 3:37:55 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<the 'reason' officially cited is that there's now a danger of mortgage prepayments with rates going lower>>

Well, that's the popular theory. But with equity in homes declining, and personal indebtedness at record levels, it begs the question: Prepay? With what?<NG>
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