Replies to post #129583 on Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

The Mortgage Bankers Association refi index was down over 20% last week from its peak in May, although still at historically high levels, obviously.

[Benj]

Newly---Thanks, that seems a plausible explanation on the refi end. How much of a hike in interest rates do you think would put a crimp in the purchasing of homes. Some brokers I've talked to said that even 7-7.5 percent rates would not slow down their customers. This is in No.Cal.

BTW, nice to here of the energy conservation efforts but looks like there is a long way to go. I've read and hear that alternative energy accounts for only one half of one percent of our nations needs. As for water, industrial use dwarfs the general publics use as well. It takes 100 gallons of water to make one gallon of wine for instance.
I think I could let that slide however.:)

Benj