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To: patron_anejo_por_favor who wrote (95846)	4/18/2001 2:49:44 PM
From: Jack of All Trades	Respond to of 436258

I would also add that all these layoffs have yet to be seen in the BLS#'s because of severence pay... I'm sure most of the non-temp are getting at least 30 days... So they wont be filing for a bit...

To: patron_anejo_por_favor who wrote (95846)	4/18/2001 2:54:33 PM
From: Andrew G.	Respond to of 436258

You're right. Unemployment is mildly rising. It can continue rising at this rate for a couple years before it has any detrimental impact on GDP or housing prices. And you're right that Fed rate cuts will have little impact on MTG rates because of bond market yields. People who are first time home buyers are getting reamed several ways: - cheaper dollar - hyperinflated home prices - potential rising mtg rates - hyperinflated property taxes It may soon become unlikely for low income earners entering workforce to own any home (except in ghettos) for less than $200k.