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To: Giordano Bruno who wrote (170697)6/6/2002 12:42:38 PM
From: yard_man  Respond to of 436258
 
wealth effect -- they are all long the homebuilders.



To: Giordano Bruno who wrote (170697)6/6/2002 12:48:28 PM
From: sammaster  Read Replies (1) | Respond to of 436258
 
everyone is looking for yield these days and are buying mortgage backed securities....which drives down rates..
when real estate prices begin to fall, say goodbye to low mortgage rates as no one will be there to buy the mortgage back securities to keep rates artificially low