I have been betting on...

Post #77,245

1/27/03 1:02:25 PM

7500 - 7800 before the correction factor finally becomes satisfied. I bet that before it topped 11000, unverifiable but still I believe it...

I look at the railroad and look at what is being transported... that is ALL long term... not the JIT type of stuff trucks ship. I see raw materials, recycleables and things like large amounts of lumber, steel, metals, ammonia, sulfuric-acid, pot-ash...etc... the refined manufacturing materials (or raw materials for MAKING things).

If that isn't a sign things are starting to com back, here is another... for December the number of IT ads in the Paper where numbered at 15 or so... Yesterday, there was ~25. Plus I know of quite a few that aren't even published...

Matter of fact the whole Want-Ads section had FAR more Wanteds than there have been recently. Either something is getting better *OR* somehting is getting worse... dunno for sure but I'd say the former rather than the latter.

[link|mailto:curley95@attbi.com|greg] - Grand-Master Artist in IT

[link|http://www.iwethey.org/ed_curry/|REMEMBER ED CURRY!] [link|http://pascal.rockford.com:8888/SSK@kQMsmc74S0Tw3KHQiRQmDem0gAIPAgM/edcurry/1//|ED'S GHOST SPEAKS!]

Heimatland Geheime Staatspolizei reminds:
These [link|http://www.whitehouse.gov/pcipb/cyberstrategy-draft.html|Civilian General Orders], please memorize them.
"Questions" will be asked at safety checkpoints.

Post #77,248

by Another Scott

1/27/03 1:16:11 PM

As a contrary indicator, expect interest rates to drop.

I just locked in a refinance on my house today....

I don't honestly expect that to happen based on recent history:

15 Year Mortgage Rates (from Bloomberg):

[image|http://www.bloomberg.com/graphs/15YearKeyRate.gif|0|15 year rate|200|300]

but I'm often a contrary indicator on financial matters. :-/ It's hard to see rates dropping though if/when military action with Iraq starts.

Cheers,
Scott.

Post #77,255

by bepatient

1/27/03 2:04:32 PM

nah...you did fine

they're not going any lower.

You were born...and so you're free...so Happy Birthday! _{Laurie Anderson}
\r\n[link|mailto:bepatient@aol.com|BePatient]

Post #77,472

by Yendor

1/28/03 1:43:03 AM

Hmmm...

I might need to think about doing that again. I just re-fied a year ago (Jan '02.) I break-even on that in Feb. '03 (cost of fees vs. money being saved.) It was required that I do it then (divorce'll do that to ya.) Now I might want to think about it for longer-term rates. Original mortgage was a 30-yr fixed at 7.875%. New mortgage (as of Jan '02) is 7-year balloon at 6.50%. Wonder if I can get that low enough (hopefully on a 30-yr fixed) to make it worthwhile...

-YendorMike

[link|http://www.hope-ride.org/|http://www.hope-ride.org/]

Post #77,526

by lincoln

1/28/03 9:43:59 AM

Radio advertisment/advisor yesterday said

Here in Houston we have "Business Radio 650", which has a mortgage rate update daily at around 5:20 PM by David Zhugeri (spelling?), VP at First Houston Mortgage. He said that his 7 year ballon rate was 4 5/8% at the close of the market yesterday. Didn't mention anything about points or fees. His 30 year fixed was 5 7/8%, his 15 year fixed was 5 1/4%.

His website is useless though. You can't get any information from them without sending them an email - no rate postings or anything like that.

lincoln
"Four score and seven years ago, I had a better sig"

Post #77,582

by admin

1/28/03 1:43:47 PM

5 7/8? wow...

My 30-year is at 6.5% fixed right now, from last October or so.

Regards,

-scott anderson

"Welcome to Rivendell, Mr. Anderson..."

Welcome to IWETHEY!