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

To: russwinter who wrote (26516)	2/15/2005 6:49:24 PM
From: loantech	Respond to of 110194

<Are you seeing any signs of ARMs holders switching to 30 year?> No not yet. < She confirmed that maybe 25% are generally unoccupied or "lightly" occupied. > Oh really and why is that because it is such a hot spot for 2nd homes? <g>

To: russwinter who wrote (26516)	2/15/2005 6:57:38 PM
From: ild	Read Replies (1) \| Respond to of 110194

<<<signs of ARMs holders switching to 30 year>>> What makes you think that people are doing this? ARMs put on in the last couple years still have good low interest rates, so whoever wanted to switch to fixed would get a worse rate and be hit with lots of expenses. Also I see that fixed mortgage rates are not that low ditech.com IMO the reason is that 30 year fixed mortgage rates are not tied to 30 year yield, but rather to 10 year yield which has held much better. I personally watch 5 year yield as it reflects 5/1 ARM. It's higher then a year ago, so I consider mortgage rates to be higher. stockcharts.com[w,a]dacayiay[dd][pb200!b50!f][vc60]&pref=G