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

To: Tradelite who wrote (54874)	9/8/2001 3:21:23 AM
From: Silver_Bullet	Read Replies (3) \| Respond to of 57584

Refinancing your home is only done with the assumption that you will have a job to cover the payments. That is the scary part looking at the unemployment rate rise. If you looked at the chart over the last 10 - 12 years you would most definitely say that it could surpass 6% and not even blink. If people don't have jobs then they can't make payments on homes, refinanced or not. And I have no idea about what percentage unemployment starts to have an effect on housing supply / demand but it can't be too far away especially with the rate oft its assent. FT Edit: chart can be found by subscribing to Briefing.com or the WallStreet Journal Online(which links back to briefing for economic news releases and charts).