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


To: Paul Kern who wrote (64820)6/29/2006 11:04:22 AM
From: UncleBigs  Read Replies (1) | Respond to of 110194
 
if mortgage rates are the highest since 01/02, then home prices should be at 01/02 adjusted for wage gains at the very highest.

Add in the trapped speculators, over-building and satiated demand and you could argue that home prices will revert back to 1999 levels.

This is what makes this fed meeting so important. They are trapped between a bursting housing market and massive deficits that need financing.

I'm still guessing they blink and pause today.