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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (22298)	3/16/2000 8:40:00 AM
From: Stuart T	Read Replies (1) \| Respond to of 57584

Core rate is as expected. PPI was expected up but not sure how much (gas and cigs were expected to raise it). Housing was expected to be down and it went up. S&P futures currently (at this second) are up

To: Trumptown who wrote (22298)	3/16/2000 9:03:00 AM
From: Tradelite	Respond to of 57584

The only housing that is up in today's report is multi-family dwellings....single-family is down--one more blow for the mortgage industry and the businesses associated with mortgage refinancing. Since mortgage interest rates jumped from 7-1/2 to 8-1/2, there are no more refinances to speak of, and this can mean a 20-50 percent drop in business for title insurance companies, real estate settlement companies and attorneys, pest control companies, appraisers and most of all, mortgage loan companies. Now might not a real good time to invest in any online mortgage companies. Most of the online mortgage business consist of refinances, not new home mortgages, and when this business dries up, thousands of little mortgage companies which spring up when times are good can disappear overnight. Very sad situation.