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To: Real Man who wrote (133516)	11/8/2001 2:33:54 PM
From: patron_anejo_por_favor	Respond to of 436258

Yeah, Frank Raines ("esteemed" CEO of FNM) was on BubbleVision (I don't watch, but it was on when I got out of the shower). When asked if abolishing the 30 yr bond helped lower interest rates, he said, "naw, there's lots of other benchmarks"....presumably referring to the 10 year. He thinks mortgage rates are at the bottom, but demand will stay at "a permanently high plateau" (in his wet dreams it will!) Once the dust settles, the TNX is going up. It may have already bottomed. I locked in a refi on my mortgage on Monday (6.00% on a 15-yr fixed, no points).