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

To: Jim Willie CB who wrote (8985)	11/7/2002 5:42:20 PM
From: abuelita	Read Replies (1) \| Respond to of 89467

russell doesn't mince his words does he. rose

To: Jim Willie CB who wrote (8985)	11/7/2002 6:13:11 PM
From: stockman_scott	Respond to of 89467

Mortgage rates take a small dip November 07, 2002 (Reuters) — Averages on U.S. 30- and 15-year fixed-rate mortgages dipped slightly in the week ending Nov. 8 as expectations of an interest rate cut by the Federal Reserve pushed rates downward, Freddie Mac said on Thursday. Thirty-year mortgage rates fell slightly to an average 6.11 percent from 6.13 percent last week, while 15-year mortgages dipped to an average 5.48 percent from 5.51 percent, it said. One-year adjustable rate mortgages also fell in the week to an average 4.15 percent from 4.25 percent. A year ago, 30-year mortgages averaged 6.45 percent, 15-year mortgages 5.94 percent and the ARM 5.30 percent. ``Anticipation of a 25-basis point rate cut pushed mortgage rates downward in this week's survey, and we expect to see further downward drifts over the coming week or so as the market moves on the actual larger rate cut itself,'' Frank Nothaft, Freddie Mac chief economist, said in a statement. On Wednesday, the Fed cut the federal funds rate that banks charge each other for overnight loans by a half percentage point to 1.25 percent. It also lowered the more symbolic discount rate it charges for emergency loans to banks by a matching amount to a new record low of 0.75 percent. Freddie Mac said lenders charged an average of 0.6 percent in fees and points on 30- and 15-year mortgages, both unchanged from last week. They charged 0.7 percent on the ARM, up from 0.6 percent the previous week. Freddie Mac is a corporation chartered by Congress that buys mortgages from lenders and packages them into securities for investors or holds them in its own portfolio.

To: Jim Willie CB who wrote (8985)	11/7/2002 6:19:32 PM
From: stockman_scott	Respond to of 89467

16:37 ET QCOM Qualcomm beats by 4 cents, issues guidance (34.94 -0.91) -- Update -- Reports Q4 pro forma EPS of $0.31, $0.04 better than the Multex consensus; revs were $839.7 mln, vs consensus of $809.6 mln. Co expects Q1 EPS of $0.35-$0.38 and revs to grow 15-22% sequentially, or about $965.7 mln-$1.02 bln (consensus $0.29 and $840.3 mln), and expects FY03 EPS of $1.15-$1.20 and revs to grow 19-23%, or about $3.46-$3.58 bln (consensus $1.09 and $3.25 bln).