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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 (26098)2/9/2005 9:48:50 AM
From: russwinter  Read Replies (4) | Respond to of 110194
 
There already is a refi boomlet underway, spiking over 2400 this week. ARMs are down slightly, but I'd guess the push is on to get into 5/1's and 30 years, so as to lock in for longer periods, and get some extra money to pay off the latest round of credit card charges. If so then the short end will see less demand, long end more. This refi window might be very brief if that is the case.