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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 (37738)	8/4/2005 9:35:23 AM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

Russ, all you have to do is put yourself in the position of having one of these 3 yr hybrids. If you have the equity, the credit and the income, the logical move is to refi your hybrid into a fix. It will be a very easy refi if you use same lender and no cash out. If you are hurting a bit, you can refi into a new ARM using the new and improved option payments. Now if your equity has not gone up enough, which may require you to fork out some cash if you want to refi again, then you may be screwed, especially if your credit has deteriorated somewhat due to the purchase of that Hummer and the jetskis. The retail sales data this morning may be the early indicator that joe consumer is running out of greenbucks?