The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Paul Kern who wrote (60038)	8/16/2006 7:26:16 AM
From: Dan3	Read Replies (1) of 306849

Those mortgage numbers are a little scary. Purchases aren't down much, but the fact that refinancings are rising during a period when that means trading in a low rate for a higher rate means a significant number of households must be getting pinched pretty badly (why would you trade in a low rate for a high one unless you desperately needed to pull equity out of your home to meet current expenses?).

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