Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (12584)	7/17/2003 1:21:08 PM
From: SilasSan	Read Replies (1) of 13094

The mortgage situation is worse than that. Average points paid has increased from about 0 - .25 to about 0.75 - 1.0 (local paper, real estate section)-- Today's range: 5.875%/0.0% to 5.5%/1.5%. Still, it's funny to think of 5.75% with 0.25 points as "worse". As starving DINKs we thought 11.25% was doable, 7.125% a gift, 6.75% as a reason for celebration and 5.25% as a mystical mirage. Funny thing though, We've always got about thirty years before the house is ours. Now, that's optimism! Hey! A basis point could be anything! (milicumquats or 1/32nds fer instance). My friend uses the whomp standard for cooking -- to be precise a whomp is half of a fistfull (his fist). I figure 0.625% (625 basis points) is a financial whomp.

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