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

To: patron_anejo_por_favor who wrote (11714)7/23/2003 10:14:06 AM
From: GraceZRead Replies (2) | Respond to of 306849
 
Wait 'till rates swing back down and rise again before you call it over. Still lots of adjustables and 7 percent plus loans out there. Lot's of people put off doing a refi that would benefit even at these levels. The reaction in bond market was pretty severe and I'm expecting a bounce. In fact it's happening as write this.



To: patron_anejo_por_favor who wrote (11714)7/23/2003 3:18:35 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
there may be one last surge of refi activity for the holdouts trying to time the "bottom"

as far as i am concerned this is tacit admission on the part of FNM that they know mortgage refi's will hit a wall.

the only reason to understate current earnings "fudge" them now is to "manage" them in the future because they understand the previous activity is unsustainable.

story.news.yahoo.com


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