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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (18834)9/22/2004 12:27:46 AM
From: ild  Read Replies (1) of 110194
 
I think I saw some numbers that equity extraction has been running full speed thru use of HELOCs, so refis will kick in earnest only after 5 year yield falls another 50 points. I referred to 5 year as I think many new mortgages are now fixed only for 5-7 years.
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