Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Perspective who wrote (228509)	3/17/2003 12:26:08 PM
From: reaper	Read Replies (3) of 436258

bc, i'm sure i'm becomming a broken record at this point, but IMHO if you are looking for HIGHER rates to be the sign of the death of the housing bubble you are IMO looking in the wrong place. the busting of the housing bubble will be accompanied by LOWER rates (much to everyone's surprise <g>) as those low rates will be indicative of a stagnant/contracting economy with falling wages. in the meantime, banks and other financial institutions have a carp-load of capital to put to work (customer deposits and repo financing). even if rates back up a little mortgage spreads will contract further as banks fight for volume, which will keep mortgage rates low. i know Bill Gross doesn't think mortgage spreads can go any lower (and i was tempted to agree with him at the time) but don't forget / underestimate the ability of bankers to misread / f' up every market in which they get involved. Cheers

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next