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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Andrew G. who wrote (95812)4/18/2001 2:46:02 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<Unemployment is still low. Now they get lowered rates on the MTG to refinance and borrow more.>>

Unemployment is rising. Further cuts in Fed Funds are unlikely to result in further mortgage rate declines, as long rates are moving back up briskly (in anticipation of higher inflation and/or the end of the easing cycle):

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