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To: timers who wrote (56706)1/11/2001 12:42:59 AM
From: pater tenebrarum  Respond to of 436258
 
one thing to keep in mind: if there is deflation in the future, rates WILL plunge, however the value of assets like real estate will fall even faster.
if easy Al's printathon ends in the inflation episode extending, your indication of what to do could come as early as with this Friday's PPI.
note, Fed funds futures do indicate further easings are on the way, and soon. i believe however that long rates will shoot up once they become a reality.



To: timers who wrote (56706)1/11/2001 10:09:46 AM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
One of the things you have to look at with mortgages is that they are always lower in the dead of winter due to lower demand. We're gathering up stuff for a refi now - right now you can get 6 3/4 with zero points for a 30 year - we're hoping for 6 1/2. If you don't plan to stay long, you can get a five year at 5 3/4 with 2 1/8 points.