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|User Info||Devious Insight ... New Refi Wave ... Hypothesis; entered at 2010-08-19 08:56:51|
Registered: 2007-08-30 Region formerly known as the United States
I've previously "seen" the effort to get people to refi into recourse loans as part of the "plan." What is "new" to me is the thought that they are driving rates to new absurd low levels to try to entice even more refi's ... WITH THE ACTUAL REAL PURPOSE BEING FINAL PREPARATION FOR RAPIDLY INCREASING RATES.|
Given the speed at which "they" have moved refi's in the past, I'd approximately project that "this cycle" will have run it's course by the end of the year and that the preps will be in place to dramatically raise rates.