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Strategies & Market Trends : Sharck Soup
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To: dan6 who wrote (21843)5/10/2001 12:31:17 AM
From: velociraptor_  Read Replies (3) of 37746
 
You missed the point. Short term interest rates are dropping. Long term are RISING. mortgage rates are higher now than they were back in January because of the steepening curve. Time does matter, and the bulk of loans are made longer term which will be affected by the higher rates.
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