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Technology Stocks : Intel Corporation (INTC)
INTC 37.51-0.8%3:59 PM EST
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To: John F. Dowd who wrote (168273)7/15/2002 4:47:04 PM
From: Jim McMannis  Read Replies (1) of 186894
 
RE:"On top of that they have turned around and taken out an equity loan and either paid down debt or bought something. They have therefore monetized the increased value in their home."

They? Everybody? Don't think so.

OTOH, A lot of people have refinanced at lower rates but now they are thinking of doing it again. Of course banks get fees for this and make a lot of money.

Jim
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