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

To: stockman_scott who wrote (24263)	8/5/2003 3:34:40 PM
From: Karen Lawrence	Respond to of 89467

Things aren't looking a heck of a lot better...mortgage interest rates are climbing again for whatever reasons. This is putting a damper on home buying. Looks as thought the last bastion of the American economy ~`real estate ~~ might get slammed. Then I read this about the bond market: "The bond selloff looks like the real deal: the beginning of the end of America's spectacular two-decade bull market in bonds. It is also, therefore, the beginning of the end of America's epic mortgage refinance boom... and that could be a bit of a problem for the U.S. economy, or at least the 87% of the economy that relies upon consumer spending."