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

To: Elroy Jetson who wrote (19862)10/13/2004 9:27:20 AM
From: Skywatcher  Respond to of 110194
 
U.S. mortgage applications fall 9.2% By Rex Nutting
WASHINGTON (CBS.MW) -- Applications for mortgages at major U.S. mortgage bankers tumbled 9.2 percent last week, the Mortgage Bankers Association said Wednesday. Applications for new purchases fell 4.9 percent while applications for refinance loans dropped 14.2 percent. The average rate for a 30-year loan fell to 5.69 percent from 5.78 percent a week earlier.

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To: Elroy Jetson who wrote (19862)10/13/2004 2:38:09 PM
From: Jim McMannis  Read Replies (2) | Respond to of 110194
 
RE:"I don't understand where you're coming from in your assertion that under-estimating inflation makes the economy seem weaker.

Inflation should mean strong economy, no? Understating inflation, hiding inflation would indicate a weak economy in need of stimulus (low rates)...which is what we have been experiencing.


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