Mortgage & Money Blog

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I met a couple people over weekend. They all hope that Fed will come out rescue housing market by cutting interesting rate! They just cannot accept that the fact we are in 2007, not 2001 any more. Dollar value is much weaker now than 2001-2003. There are so few investors who want to buy US securities now. Sub-prime mess's next hit is bond market. So checking your 401 K carefully now, makes clever adjustment before your bond fund gets a huge hit. For some, it is too late now.

Please write your own opinions.

JR