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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (685)	6/25/2002 12:24:45 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

so housing is immune to any/all economic distress, right? we can surely expect objectivity from: Fannie Mae Foundation, Freddie Mac, the Federal Home Loan Banks and the Mortgage Bankers Association of America they see no interest rate risk no unemployment consequences from prolonged recession no dollar effect to our sequestered shores all is well say goodnight, Gracey on the other hand, FannyMae may experience a derivative blowup later this year or next and numerous regional banks might be stressed toward the brink as interest rates surprisingly rise next year homeowners seem to be paying any price to lock in low rates have they thought about what happens to values when rates rise ? or when unemployment rocks toward and above 7% ? / jim