The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (35919)	7/13/2005 7:06:24 PM
From: ild	Read Replies (2) of 110194

<<<are being reset as each month goes by>>> That's easy to solve. Whoever bought a house in CA two years ago sits on at least 40% equity now. So if they feel pinched by the rate reset they can just refinance with nice negative amortization loan. Or better refinance and take some cash out for a down payment for a new house in "cheap" areas like Arizona. How about .99 percent mortgage news.yahoo.com or that NINA mortgage azstarnet.com It looks like it will take much higher short term rates to stop RE bubble. Otherwise it may take much longer for the bubble to exhaust itself.

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