Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (19138)	9/18/2002 5:15:43 PM
From: longdong_63	Read Replies (2) of 36161

Jim, re:Real Estate. Just a guess but Greenie might try a fast one and pressure the banks into loosening up mortgage rates. Noticed a lot of convexity buying going on in our portfolios. Prepayments on the rise...maybe all those 6.50-7.00%ers will get another shot around 5.50-6.00%??? That would float the Titanic for another couple of years perhaps. WAG??

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