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To: KyrosL who wrote (70095)12/15/2008 2:11:00 PM
From: Keith FeralRead Replies (2) | Respond to of 118717
 
Dollar should start to head back up once the FED cut is over. Once the US is done with it's next FED cut, US rates will be very low compared to currencies in Europe that will come down from 2 or 2.5% to 1% or lower. That puts the selling pressure back on the Pound and the Euro.

Mortgage rates continue to fall, which is a good thing. Mortgage professor was listing mortgage rates at 4.81% today, down from 4.87 on Friday. It would be nice to get them down to 4.50% by the end of the week, and keep them there.