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

To: loantech who wrote (37993)	8/6/2005 3:57:19 PM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

"And in the recent past they could have locked in a 30 year fixed for under 5% with a discount point. Best deal ever. Did they take it?, no they wanted to save half a point for 90 days...." If they live in the bubble market and are buying or trading up all they can afford are a low start rate ARM or IO. Just looking at the new homes pullout section of the weekend papers in my Florida market most only mention price in the fine print but the low monthly payment is highlighted in large bold print as one of the main points of these ads targeting a specific market.