The End of Easy Money July 1, 2006 Dear Investor: With the Fed Funds Target Rate at 5%, the easy money is gone. No longer can anyone buy a home with a 3% adjustable rate mortgage or cash out half their home equity for kicks. Mortgage rates are closing in on 7% and look to move higher. Some of the results are in: The real estate market is entering a secular bear market. The stock market has corrected nearly 10% from its 52 week highs, as bond...