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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: chester lee who wrote (3297)9/26/1998 10:34:00 PM
From: xcr600  Respond to of 18998
 
<< People with high rates tend to refinance when rates ae lower, as they are expected to be if Mr Greenspan comes through. >>

Additionally, people have more money to pay down their mortgage faster as well. Not sure how much this would apply to a sub-prime lender. Green Tree was a good example of a how lower interest rates and people paying of mortgages sooner really affected earnings. (I know, I lost a bundle. Held until the Conseco buyout).



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