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To: Petz who wrote (65340)	12/10/2001 1:19:54 PM
From: TGPTNDR	Respond to of 275872

John, Re: <They did have a pretty awesome PRIME-0.5% adjustable mortage with a lower limit of 5% (else it would be now at 4.5%!) There's basically no upper limit (18%), no fees whatsoveer either. So, given that the Fed will lower rates again this week (0.25% in my opinion), the Fed would have to raise rates 3 times before the mortgage would go above 5%.> If you check, the Prime rate is well above the Discount rate -- the thing the fed diddles around with. So while the fed can fool around with the overnight rate the prime is a WHOLE different story. IMO, the fed's about done with the loose money scenerio 'till it finds out the **it is still deep. tgptndr