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Benj

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Benj

Re: Newly2b post# 129372

Sunday, 07/13/2003 7:48:02 PM

Sunday, July 13, 2003 7:48:02 PM

Post# of 704019
Newly >>>>>They predict that financing volume will plunge from $2.60 trillion in 2003 to roughly $850 billion in
2004. The pair believe that this will result from an increase from the 30-year mortgage interest rate, which they predict will climb from 5.5 percent in 2003 to 5.6 percent in 2004.<<<<<<

Do you have an idea of why they expect a two thirds drop in volume from a one tenth of one percent rise in interest
rates?

Benj
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