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

To: CalculatedRisk who wrote (44117)	11/4/2005 6:24:12 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

>>Freddie Mac has the average 30 year at 6.31%<< That's with half a point though.....I'd guestimate the "no point" average would come in north of 6.5 or so.... The Bubble IS over...the real fun will begin when people realize that this will be no ordinary real estate down cycle. I think that's where the real cognitive dissonance lies, when all the folks expecting prices to "level off" find out otherwise. That's why rallies in the homies and especially the subprime lenders can continue to be sold, probably for the next 12-18 months.