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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (4976)1/13/2004 6:14:05 PM
From: russwinter  Read Replies (2) of 110194
 
If not that would be significant, but I think 4% rejuvenates refis some, not to 4000, but maybe back towards 3000. But as importantly it keeps the wild speculation in housing alive, as the purchase index never did drop much even at 4.40%. It was never much below 400. 4.0% UST now is like lowering margin rates during stock market mania, and pouring more gasoline on a raging fire. Insane monetary policy.
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