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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (15767)	7/15/2002 3:36:04 PM
From: Jim Willie CB	Respond to of 36161

over weekend, mortgage banker commented on refi's ending he said they have essentially halted recently he claimed evidence since mid-spring shows end to refi activity cannot recall which channel, might have been CNN he believed from experience that (as you say) unless mortgage rates descend another 1%, the trend is over this spells bigger trouble for consumer spending than real estate pricing but in time, with added layoffs, property sales will come and layoffs are a natural consequence to reduced spending great shorts with broken charts on housing sector Toll, Ryland, Lennar, but today HomoDepo recovered / jim