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

To: Les H who wrote (18163)	3/5/2004 9:28:16 AM
From: Elroy Jetson	Respond to of 306849

More to the point, as Alan Greenspan said yesterday, he has always bought his own homes using fixed-rate mortgages. But then Alan Greenspan with a net worth of $18 million (last time I saw one of his disclosure reports) may not be as financially sophisticated as most Americans. Those American's, who are more financially sophisticated than the rube running the Federal Reserve, should seriously consider using an Adjustable Rate Mortgage.

To: Les H who wrote (18163)	3/5/2004 9:43:18 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

"look before you leap" looks like the sun-times got it wrong. (still haven't converted my 3 year old ARM) story.news.yahoo.com Treasuries Soar on Shocking Payrolls Data 58 minutes ago Add Business - Reuters to My Yahoo! NEW YORK (Reuters) - Treasury prices surged on Friday, driving benchmark yields to eight month lows, as a shockingly weak report on U.S. payrolls was seen putting back the day when the Federal Reserve (news - web sites) might raise interest rates....