Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (317)	3/31/2004 6:18:04 PM
From: Hank	Read Replies (1) of 6370

"Sometimes I wish the Fed would get on the stick and bump up interest rates." What about the refinance boom? It seems like that is half the economy these days. It really has fostered a real estate bubble. I've seen housing values in my area nearly double in ten years. Not that I'm complaining but it would suck to see the value of my house depreciate rapidly. Unfortunately, I can see that happening very soon. If it does, I guess I'll be staying put for awhile! Good thing I'm closing on a refinance this Friday for a shorter term at a huge interest savings. Nowhere to go but up from here.(Interest rates that is)

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