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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (497)8/29/2003 2:26:10 PM
From: loantech  Read Replies (1) of 110194
 
Ild,
The smart banks either hedge or have multi million dollar commitments at prices they can extend locks on. Most of them that were not locked are toast for the low 5 rates.

WFC may be large enough that they may honor your friends request if it was locked and they could not close on time because of volume.
tom
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