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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (164093)	3/8/2008 12:24:10 PM
From: jjstingray	Read Replies (1) of 209892

As I have been saying, I think we see 3.0% in that ten year yield. What is so frustrating is that instead of the Fed continuing to cut rates, they need to provide for liquidity. So many more poeple would be able to refi and lower their mortgage payments but because loans are very difficult to get, it does not happen. I am a prime example. By refinancing my house right now, I can save $750 a month from just a year ago, but jumbo loans are impossible to come by. There needs to be a mechanism that allows for greater liquidity and I just don't think that is being addressed right now. Sorry for the FA slant, but I think this is a dialogue the board can handle.

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