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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (6504)	11/2/2002 2:52:22 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

No investor in their right mind would be on the buy side of a 30-year mortgage with a 4% coupon and a potential extension from a 5-year, to a 12, to an 18-year average life staring them in the face. Maybe no investor would be on the buy side of a 4% mortgage bond, but the Fed could and would if they thought it was necessary to save the economy from becoming Japan. They would merely print the money needed to buy the bonds, they don't need to be an economically rational investor.