We are approaching 20 trillion in expatriated dollars in the form of treasuries.

The loan rates are tied to the weekly average of the one year treasury securities index.

The 10 year treasury was all over the place yesterday and ended up lower I believe.

I think its a neat concept, but I personally will not throw more money than I could afford to lose into it in the meantime (just like if I were at the casino, although I am not too shabby at blackjack ;).

I am not much of a gambler...heck, whenever I end up at a casino (with friends or a group that goes there) I lose all of my money at the bar.

Most are buying condos in the casinos and condo hotels.

Do you think the person that hit a jackpot at a casino just won big?

Beaches AND casino's!

Peter,US mortgage rates are largely tied to the 10 Year Treasury.

i was actually putting together a jv deal on a vegas casino build and the client asked me if i knew anyone with an reo portfolio, the same day another client happened to ask if i knew any buyers for an $800,000,000 reo portfolio and that began my venture into the reo world. i just happen to stumble directly into a new york investor with $3,500,000,000 in his personal bank account on my very first deal so it has been pretty easy for me when the packages are real. the hard part is weeding through the fakes and scammers.