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


To: mishedlo who wrote (19188)9/29/2004 5:35:24 PM
From: SeaViewer  Respond to of 110194
 
Refi is almost dead here in Bay Area. Only those who bought houses recently can refi from purchasing loan, which usually has a high rate.



To: mishedlo who wrote (19188)9/29/2004 5:55:57 PM
From: benwood  Read Replies (2) | Respond to of 110194
 
Mish, desperate folks will take a rate hike if it means getting out some equity, although the window will close quickly because of increased mortgage risk (higher payments) and the likelihood of lower than expected appraisals.

--Ben



To: mishedlo who wrote (19188)9/30/2004 9:24:35 AM
From: russwinter  Respond to of 110194
 
Hefty declines in the day to day Rasmussen consumer sentiment numbers:

Consumer Index Drops Three to 109.9

Rasmussen Consumer Index

Today 109.9
Yesterday 112.7
Week Ago 116.3
Month Ago 109.9
RasmussenReports.com


Thursday September 30, 2004--The Rasmussen Consumer Index dropped three more points on Thursday to 109.9. The Index, which measures the economic confidence of American consumers on a daily basis, is down six from a week ago, unchanged from a month ago and down eleven from three months ago



To: mishedlo who wrote (19188)9/30/2004 9:42:43 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
There's trouble out there in the Land of Oz today, feel it in my bones. Look at the agencies spreads widen on this bond retreat. Probably get another big coupon pass today, then followed by another Pinocchio effect CRB pop:
gcm.com