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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (993)5/9/2003 12:41:23 PM
From: benwood  Read Replies (2) | Respond to of 4904
 
You're right, my bad! So the declining quantity of money pouring into the economy then lines up well with the +5% figure, based on numbers I've seen.

I would not even rule out another refi for my mortgage, which is at 5.375. I have a friend who has a fixed rate mortgage at 2.25% (his house is in Japan...).



To: Perspective who wrote (993)5/9/2003 12:47:10 PM
From: ild  Read Replies (1) | Respond to of 4904
 
Lots of people do zero cost refinancings and do it every few months, but in fact the costs are incurred by some entity. IMO this entity is FNM/FRE, but I didn't see this being acknowledged and reflected in their share prices.

EDIT: People watch rates daily. Yesterday I was at the party and a few people said that the rates fell very low and they were going to call their mortgage broker today (to start another no-cost refi).


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