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

To: kris b who wrote (46975)	12/10/2005 9:53:46 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

Updates rates on commonly used mortgage and HELOC indexes, the yoys are still up 2% across the board: 1 yr CMT, COFI, 6 mo Libor, prime Jul 2004 2.10 1.816 1.9857 4.25 Aug 2004 2.02 1.875 1.9907 4.42 Sep 2004 2.12 1.931 2.1695 4.58 Oct 2004 2.23 1.960 2.3007 4.75 Nov 2004 2.50 2.025 2.6239 4.93 Dec 2004 2.67 2.118 2.7751 5.14 Jan 2005 2.86 2.183 2.9582 5.25 Feb 2005 3.03 2.317 3.1495 5.49 Mar 2005 3.30 2.400 3.3876 5.58 Apr 2005 3.32 2.515 3.4151 5.75 May 2005 3.33 2.622 3.5314 5.98 Jun 2005 3.36 2.676 3.6914 6.01 Jul 2005 3.64 2.757 3.9235 6.25 Aug 2005 3.87 2.870 4.0817 6.44 Sep 2005 3.85 2.972 4.2154 6.59 Oct 2005 4.18 3.074 4.4467 6.75 Nov 2005 4.33 - 4.5795 7.00 HELOCs lending, is simply not growing: 08/03/2005 439.3 08/10/2005 439.0 08/17/2005 439.1 08/24/2005 439.0 08/31/2005 439.1 09/07/2005 438.8 09/14/2005 437.4 09/21/2005 438.1 09/28/2005 438.9 10/05/2005 435.1 10/12/2005 435.1 10/19/2005 437.0 10/26/2005 437.6 11/02/2005 436.3 11/09/2005 436.9 11/16/2005 435.4 11/23/2005 436.7 11/30/2005 436.1 Nor are consumer loans, in fact declining: 09/14/2005 721.8 09/21/2005 720.8 09/28/2005 719.7 10/05/2005 709.3 10/12/2005 706.2 10/19/2005 706.6 10/26/2005 710.4 11/02/2005 710.4 11/09/2005 709.1 11/16/2005 714.1 11/23/2005 708.7 11/30/2005 705.8 At last real estate lending is sputtering: 10/26/2005 2850.9 11/02/2005 2847.9 11/09/2005 2858.3 11/16/2005 2853.8 11/23/2005 2863.5 11/30/2005 2861.4 The financials trading at new highs makes little sense, loan growth is stalling, margins are shrivelling, idorfman.com and deliquencies are accending. Connecting the dots here, looks like 4Q results could be poor and deteriorating.