The point here is that they are still making money.

At 06:16 PM 6/30/2003 -0400, you wrote:
>Congratulations :)
>
>I want to branch a little though...isn't 1.9% less than inflation?
>Doesn't that mean that over time, if interest rates rise, they will be
>making less money? Especially considering the fact that with all this
>built in economic stimulus...we are bound to see a really big uptick
>in inflation if/when everything starts to turn around.
>
>Or is my understanding of how this works incorrect?
>
>--
>  jon
>  mailto:[EMAIL PROTECTED]
>
>Monday, June 30, 2003, 5:58:29 PM, you wrote:
><snip>
>
>bcn> The fools were offering 48-month financing at 1.9%. Wow.
>bcn> Even so, wouldn't have been able to afford it if we weren't
>bcn> doing a refi on the mortgage and saving a bunch of $$.
>
>bcn> <vbg>
>
>
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