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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (8977)	3/15/2008 9:38:42 PM
From: Moominoid	Read Replies (1) of 33421

FFR is an overnight lending rate. It doesn't neccessarily relate at all to lending for a 15 or 30 mortgage. The yield curve is normally rising with longer duration of loan as it is right now. Cutting the FFR doesn't neccesarily have any direct effect on mortgage rates.

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