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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (29391)	10/13/1999 2:40:00 PM
From: Les H	Read Replies (2) \| Respond to of 99985

I'm glad I locked in my loan for 30-years at 0.278%. If I'd paid a few more points, I could've had a net postive cash flow. quote.yahoo.com^TYX&d=t It's good to see we're adopting the Japanese system.

To: Benkea who wrote (29391)	10/13/1999 3:31:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 99985

re: loaning more money to weaker credits: Haven't you been listening to those commercials that go: "Buy your daughter the wedding she's been dreaming of. Go on that vacation you've been talking about for years. You too can borrow up to 125% of your homes' value. Let us show you how!" I'm not surprised that there are fools who are willing to borrow under those conditions. But I am surprised that there are fools willing to lend under those conditions. On a regular basis, someone from the Fed says: "Lenders are lending money, for a variety of purposes, that is not going to get repaid. The markets are not pricing risk correctly. Lending standards need to tighten." As I said on an earlier post, the Fed does not like to be ignored. Sort of like first grade school teachers, they find a way to make you pay attention.