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To: Ron McKinnon who wrote (49371)	10/7/2003 3:56:52 PM
From: BWAC	Read Replies (2) \| Respond to of 53068

<Revolving credit (read credit cards) rose just $1.2B, with the weak growth partly due to paydowns as lower cost mortgage refinancing replaced some of this high cost credit. > Yeah boy. Its always a good thing to turn/replace unsecured credit card debt with a secured mortgage on your house. When the CC companies are begging you to flip balances to them. With teasers of 0% til April 2004!? But nah, I'll just subject my house to foreclosure if I can't pay what I just made a secured debt.