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Bad Rap = High Rates

Most of us know that stinky publicity about ANY product makes it difficult to attract buyers.  The real estate market is a great example - bad press has lead to many potential buyers staying in their apartments... The same thing has happened to the mortgage market (as mortgage has become a four letter word) and no one's buying them either... which of course is why when Bernanke lowers Fed Funds rates mortgages remain stubbornly higher.  PIMCO revealed in a moment of clarity this morning on CNBC that they expect buyers to come into the mortgage market FROM THE 2 YEAR TREASURY market before the end of the month (actually I think the line was, "they can not deny the possibility" - or is that the line Goldman used this morning about the potential Emergency Fed action?  I get confused).

But MOST economist agree that THIS is what you should ACTUALLY be watching:

 

Comment balloon 3 commentsEleanor Thorne • March 10 2008 10:46AM
Bad Rap = High Rates
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Most of us know that stinky publicity about ANY product makes it difficult to attract buyers. The real estate market is a great example - bad press has lead to many potential buyers staying in their apartments… The same thing has happened to the… more
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