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Re: James T Kirk post# 281135

Saturday, 08/07/2004 8:11:27 PM

Saturday, August 07, 2004 8:11:27 PM

Post# of 704044
>> but long rates in Japan went down to 1%.<<

I don't see how that could happen without severe deflation. How would anyone be able profit from a 1% rate? Where would the incentive be to write such a loan? Are you sure mortgage rates got down to that?



Joe

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