The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (11502)	7/8/2003 12:26:05 PM
From: Jim McMannis	Read Replies (1) of 306849

It appears that since June 16th, the rate on a 30 year mortgage has crept up from 4.76% to 5.62%. That according to our major mortgage broker. This is verified by the TYX index (30 year long Treas. bond). Some bond money moving into stocks. Certainly not a trend yet but interesting. As for the Texas folk in the 80's..I know a few who walked but Like you said, some actually paid up I suppose.

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