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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 (45068)11/9/2005 11:32:57 PM
From: bond_bubble  Read Replies (2) | Respond to of 110194
 
Interesting article:
signonsandiego.com

Interesting point:
Sellers might pay "points" (1 point equals about 1% of loan) to mortgage lenders on behalf of buyers so that buyers can get lower mortgage rates (1 point will lower mortgage rate by 0.125 to 0.25%)!!! Going forward, mortgage lenders will offer this risky loan to keep the business from shrinking!!! In other words, THERE IS SOME MORE LIFE LEFT IN THE HOUSING!! This I guess is one of the thing Doug Noland is conveying - CreditBubble mutates, adapts.....