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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (44112)	11/4/2005 5:31:45 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

Wow, the yield on the 30 year fixed has really been in a stealth bull....check this out: yahoo.reuters.com U.S. mortgage rates rose Friday - BestInfo Fri Nov 4, 2005 05:16 PM ET NEW YORK, Nov 4 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 of a percentage point on Friday to 6-3/4 percent, according to BestInfo Inc. If the mortgage market on Monday continues in its current direction, rates may remain the same. The 30-year mortgage rate with one upfront point rose 1/8 of a percentage point to 6-1/2 percent. The 30-year mortgage rate with two upfront points rose 1/8 of a percentage point to 6-1/4 percent. 6 3/4 percent is pretty significant....I think most of the RE bulls were saying a year or two ago that 7 percent would kill the market. We're almost there.