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Strategies & Market Trends : SiliconInvestor All Stars Forum
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To: John Vosilla who wrote (956)7/9/2007 1:56:58 PM
From: $MogulRead Replies (2) of 1718
 
Rates are going higher 6 mo. out as long as no recession. I beleive 10 Yr. wil be at 5.5-6 in 2008. Add the margin that the banks charge and Jane & Joe are paying 8-9%. The largest rate resets in history on the horizon at 30 year lows in rates, do not spell well for Jane and Joe and their dog that just bought there house on a ARM. Thus, they will be selling the dog and moving into a apartment driving rental prices up in majior metro areas.
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