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To: NOW who wrote (55186)10/2/2002 4:55:48 PM
From: bcrafty  Respond to of 209892
 
Well, they way things look now
I think we're going to be "in a world of hurt" don't you?

Gross' thoughts sound on the money to me.

Bought any bonds lately? <g/ng> Muni ETFs are still on a tear.
stockcharts.com[l,a]daclyyay[pc8!b5][vc60][iLl14!Lc20]&pref=G



To: NOW who wrote (55186)10/2/2002 5:07:01 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
>>There will never be much less than a 5% 30-year GNMA, Freddie Mac, or FNMA mortgage issued in size, no matter what Greenspan does — and that’s a forecast you can take to the bank, with a high probability outcome. <<

Eegads, 5% for a 30-year fixed mortgage? The refinancing boom still has a ways to go if mortgage rates are going to drop another point.