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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (1845)	11/5/2003 9:49:38 AM
From: re3	Read Replies (1) \| Respond to of 110194

can someone explain how capital gains in the US works now ? are you supposed to hold shares for a certain period of time to reduce the rate % ? i'm wondering if there is any reason to think that january in particular might be a time for a correction only due to tax issues ?

To: ild who wrote (1845)	11/5/2003 9:56:24 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Yep, guess it's important for people to speculate on those second and third "rental" and vacation homes. Nothing stopped them this week either, pretty good pop in purchase apps: WASHINGTON, D.C. (November 05, 2003) – The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 31. The Market Composite Index of mortgage loan applications—a measure of mortgage loan applications for purchases and refinancings—increased by 5.5 percent to 685.2 on a seasonally adjusted basis from 649.6 one week earlier. On an unadjusted basis, the Index increased by 4.7 percent compared with last week and was down 34.3 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index increased by 11.1 percent to 404.3 from 363.9 the previous week. The seasonally adjusted Refinance Index increased by 0.3 percent to 2319.8 from 2311.8 one week earlier. Other seasonally adjusted index activity included the Conventional Index, which increased 5.5 percent to 957.8 from 907.5 the previous week. The Government Index increased 4.9 percent to 230.3 from 219.5 the previous week. The refinance share of mortgage activity decreased to 51.1 percent of total applications, from 53.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 25.4 percent from 26.5 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages increased to 5.85 percent from 5.83 percent one week earlier, with points increasing to 1.47 from 1.39 the previous week (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.17 percent from 5.12 percent one week earlier, with points decreasing to 1.40 from 1.51 the previous week (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 3.58 percent from 3.57 percent one week earlier, with points decreasing to 1.10 from 1.13 the previous week (including the origination fee) for 80 percent LTV loans.