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slow_feet

07/30/03 11:10 AM

#16 RE: The_Free_Nebula #15

Yeah, same problem here as TFN--excellent earnings, but in an environment of increasing govt. debt yields (i.e. increasing mortgage rates). The 30-yr fixed: it took almost a year to drop below 6%, to the local minimum last June, but only 3-4 weeks to get back to 6%!

By the time earnings are announced, perhaps the rate will have stabilized: 6-6.5% is still very low.

oh well...