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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: No Mo Mo who wrote (11763)	3/21/2001 8:37:08 PM
From: Jim Willie CB	Respond to of 13572

if you can wait on refinance, I would pull trigger about one month before the Fed Meeting where the last expected Fed rate cut might occur Sir Lawrence of America Kudlow expects the FedFukkups to end their reign of terror with FedFunds at 3.5% they just lowered to 5.0% yday a long way to go but here is my thinking the Fed will cut until the economy responds meanwhile, the economy will slow until the Fed has cut more and as the economy slows, the long bond will come down some, as will 10-yr TNote but the long bonds wont come down as much and we will finally have a normal yield curve again in Oct98 my mortgage was refinanced at 7.125% the 10yr TNote yield was about 5.0% at the time it bottomed briefly at 4.85% or so I just missed the bottom, but was very content with it so there is a profit spread involved patience, laddy / jim