Homestead mailing list

[Don Bowen <don.bowen AT earthlink.net>]

At 5/10/2005, you wrote:

> How so? They are acquiring cash for any purpose they choose by refinancing 
> at a lower interest rate than they had before. The savings in interest 
> often allows the same payment.

Yes, but by now everyone with a high rate has refinanced so new money will 
come at the expense of spending.

Don Bowen                          Awl Knotted Up
My present location is the star on the map in the link below
http://www.mapquest.com/maps/map.adp?latlongtype=decimal&latitude=33.506083&longitude=-117.099019
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html