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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: Perspective who wrote (993)5/9/2003 12:47:10 PM
From: ild  Read Replies (1) of 4904
 
Lots of people do zero cost refinancings and do it every few months, but in fact the costs are incurred by some entity. IMO this entity is FNM/FRE, but I didn't see this being acknowledged and reflected in their share prices.

EDIT: People watch rates daily. Yesterday I was at the party and a few people said that the rates fell very low and they were going to call their mortgage broker today (to start another no-cost refi).
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