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: mishedlo who wrote (45698)	11/17/2005 10:50:52 AM
From: John Vosilla	Read Replies (1) of 110194

"I say they will not. I further say they will not at 4.30 or 4.10" Mish we could have one round of refi's to fixed rate if they can get back into the mid 5's again. The relentless combination of resetting ARM's, higher RE taxes and insurance is causing many sleepless nights as PITI goes up substantially year over year. Another question is would the fed allow this too happen putting more of their banker friends at risk if too high a percentage of loans were fixed? I bet they are happy with 45% of mortgages today being ARM's..

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