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


To: benwood who wrote (69251)9/1/2006 3:04:40 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Was at WM branch today. They offer 5.25% 5/1 IO ARM fixed for 5 years. They want 2.75 points for that. How are they going to make money if the yields stay where they are right now? I guess they are betting that the Fed will drop the rates.