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To: Perspective who wrote (250561)	7/16/2003 5:30:21 PM
From: NOW	Read Replies (1) \| Respond to of 436258

JOAT posted rumours of fed buying long today.... what do you maen when you say rates cant go up much?

To: Perspective who wrote (250561)	7/16/2003 6:06:40 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 436258

>>Eventually rates will stop falling enough to produce economic lift, and it will all fall apart. With Fed Funds at 1.0%, you are very nearly there today<< it occurs to me that we may have a flurry of re-fi procrastinators and home-buying as the fear of missing the bottom in rates settles in.