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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: dan6 who wrote (21843)	5/10/2001 12:31:17 AM
From: velociraptor_	Read Replies (3) \| Respond to of 37746

You missed the point. Short term interest rates are dropping. Long term are RISING. mortgage rates are higher now than they were back in January because of the steepening curve. Time does matter, and the bulk of loans are made longer term which will be affected by the higher rates.

To: dan6 who wrote (21843)	5/10/2001 7:53:11 AM
From: Wes Stevens	Read Replies (1) \| Respond to of 37746

Dan read velo's post again. The problem is the rates you are talking about have not dropped. Go check out car and home loans - they have not come down. Part of the reason is that the fed was behind the curve and longer term rates dropped ahead of the fed dropping the the overnight rate. The other is that when things get tough, banks tighten up lending, and things are getting tough. If the longer term rates do not drop then the fed is only helping the banks.