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Re: Newly2b post# 129371

Saturday, 07/12/2003 1:38:18 PM

Saturday, July 12, 2003 1:38:18 PM

Post# of 704019
And, finally, this from "Reltor Magazine":

(July 10) -- Low interest rates will likely drive refinancing activity to a record high this year. However, Fannie Mae and Freddie Mac expect a slowdown ahead. They predict that financing volume will plunge from an expected $2.60 trillion in 2003 to roughly $850 billion in 2004. The pair believe that this will result from an increase in the 30-year mortgage interest rate, which they predict will climb from 5.5 percent in 2003 to 5.6 percent in 2004.

OK, enough already.

Newly

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