Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: AugustWest who wrote (48319)	10/23/2003 3:52:11 PM
From: MulhollandDrive	Read Replies (2) of 57110

hi auggie... re: PHM instead of "despite" higher interest rates...i would have concluded "because" of higher interest rates....and fear of rates going higher... we are seeing a surge of housing "procrastinators" trying to get in before rates go higher. the surge in mortgage refi's is dead in the water and now we see panic buying of RE... i'm finally coming around to the opinion that shorting the builders is a good move....but not quite yet finance.lycos.com U.S. home building stocks on Thursday surged to a record high after several companies, including No. 1 ranked Pulte Homes Inc. (NYSE:PHM), reported quarterly earnings that showed the market continued to sizzle, despite higher mortgage rates....

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