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To: Les H who wrote (153376)2/26/2002 12:08:10 AM
From: LLCF  Respond to of 436258
 
<is the Fed buying mortgages to try to force interest rates down? >

I don't know... who heard that???

DAK



To: Les H who wrote (153376)2/26/2002 12:11:54 AM
From: Les H  Respond to of 436258
 
Apartment glut

asahi.com



To: Les H who wrote (153376)2/26/2002 12:13:50 AM
From: Les H  Read Replies (2) | Respond to of 436258
 
amazing photographs

strangecosmos.com

this is like the reverse of the poor people jumping off the WTC



To: Les H who wrote (153376)2/26/2002 1:41:14 AM
From: GraceZ  Respond to of 436258
 
seems strange with all the news about the economy being strong that mortgage rates are falling.

Mortgage rates have more to do with inflation expectations and the return grandma wants on her Ginnie Mae bonds then supply and demand. The FED doesn't interfere with long rates, it did in the past and it was disastrous. It needs long rates left to the market as an inflation indicator.


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