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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 (24235)1/8/2005 10:53:30 PM
From: mishedlo  Respond to of 110194
 
Mortgage application Index
This is interesting
Note the huge spike near the June 2003 low yield in 10 year treasuries
Note the 2004 secondary spike in March before we had another near bond blowup
I do not think we see another surge unless we can get 10 year treasuries below about 3.92 (and possibly not then because the economy will be going downhill rapidly at that point if we see it again)

idorfman.com