Mortgages at 7.5%

[Greg Nowell <GN842@xxxxxxxxxxxxxxxxx>]

The 30 year zero point "conforming" (=<$230k) is at
7.5% which is pretty high (viewed over the last year).
Should have an effect on the economy over the next six
months.  30 year Treasuryat 5.93% today.

Remember that national average mortgage data includes
people who have paid points and tends to under-run the
30 year zero point fixed conforming.  -gn.

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

Fax 518-442-5298