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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (10234)	11/5/2001 8:48:49 PM
From: chowder	Read Replies (1) of 23153

KB, >> If we no longer have a 30 year bond, how will the markets set a fixed, 30 year rate? << Interesting question. Certainly more interesting than my answer. My answer is, I don't know. My thinking is that perhaps in this time of uncertainty, there may be an opportunity to benefit off the inefficiency of the mortgage rate system. Maybe mortgage rates will overshoot to the downside. A 4.5 or 5% mortgage interest rate? Certainly could be a boom for the real estate market. Maybe with much lower interest rates, we'll see the market go to 15 year loans and shy away from 30 year loans. Just a thought. A 15 year loan with lower payments than a previous 30 year loan would certainly add wealth to the common "Joe." Anyone have a site that shows current mortgage rates and updates it? da-curious-bum

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