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To: Les H who wrote (191238)9/10/2002 12:04:29 PM
From: yard_man  Respond to of 436258
 
sounds like this christmas season is going to be a humdinger ... don't guess there is any chance that those ARM rates will go up.



To: Les H who wrote (191238)9/10/2002 12:15:53 PM
From: benwood  Read Replies (1) | Respond to of 436258
 
I think it's safe to assume that any uptick in ARMs will blow millions of mortgages out of the water, too. Since Greenie knows this, I think if the 10yr and 30yr bonds fade significantly it will mean that the print-a-thon has hit the wall. At that point, the consumer-financed life support recovery will flatline.


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