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Renavatio

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Renavatio

Re: lakedweller2 post# 20063

Friday, 08/17/2007 12:46:30 PM

Friday, August 17, 2007 12:46:30 PM

Post# of 46420
Common misconception. Mortgage rates have a much higher correlation the price of mortgage backed bonds than they do to the Fed Funds rate. If the bond prices go up, mortgage rates go down. Problem is that the Fed lowering the rate helps the stock market more than the bond market in the short term.

"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org

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