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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (576373)5/18/2004 12:28:06 PM
From: jlallen  Read Replies (2) | Respond to of 769670
 
Just based on my own business....so far the rising rates have not affected demand for new loans....certainly it is a little slower since the bottom was reached....but historically the prevailing rates are still very reasonable...by which I mean maybe we are at only 30 year lows as opposed to the 45 year lows we had previously enjoyed...I don't expect to see much of a difference in activity level until we are significantly higher...especially in new home sales......

JMHO.

J.



To: DuckTapeSunroof who wrote (576373)5/18/2004 2:14:48 PM
From: AK2004  Read Replies (1) | Respond to of 769670
 
you have not make any arguments against high interest rates yet......

I'll give an example:

you borrow 100K at 5% and your portfolio of 100K earns 4%
after rate change you still pay 5% but you earn 7%