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Mortgage News for Wednesday - November 26, 2003

More Mortgage News
• 100 WaMu workers lose jobs, more cuts expected
• Growth in GDP surges, strongest since 1984
• Economy delivers a cheery Thanksgiving: Most indicators Positive
• 30-Year Mortgage Rates Increases 0.06 Percent
• Household Finance to Pay $100 Million in Mortgage-Abuse Settlement
• South Carolina Home Sales Increase 25 Percent
• Household International to settle mortgage suit
• Massachusetts Home Sales Up for Fourth Consecutive Month
• Home dream turned nightmare haunts a dying man
• Home sales maintain gains over last year
• New Home Construction in Metropolitan Milwaukee Recovers
• Finance deals face clampdown as complaints leap
• Mortgage loan limit increased in county
• Last-chance mortgage
• Revised GDP sets growth at rate of 8.2 pct.
• Lenders take advantage of homeowners
• Realtors see benefit of higher mortgage loan limit
• Luxury home sales higher
• DOVER-Residents will see a 5.1% jump in property taxes in 2004.
• Cincinnati home sales break another record
• Bankrate: Mortgage Rates Ignores Latest Economic News
• Apex Mortgage Capital Stockholders Okays Merger with American Home Mortgage
• Freddie Mac Statrs Homeownership Effort for Low-Income Renters with Adams County Housing Authority, Bank of Hanover, Waypoint Bank, Housing Council of York
• MBA Likes Senate Passage of the American Dream Downpayment Act
Mortgage News
DOVER-Residents will see a 5.1% jump in property taxes in 2004. - 2003-11-26
The total budget for spending is established at $3,438,422. This is a $331,761 increase from the current budget of $3,106,661. This indicates a 10.7 % increase in budgetary spending from the current year.

Even with the 10.7% total increase in spending, Dover property taxes will only increase 5.1% in the coming year. This is due to other sources of revenue, such as increased mortgage and sales tax collections, and increased building permit fees.
Read the full story at Harlem Valley Times
 
Cincinnati home sales break another record - 2003-11-26
For the fourth consecutive month, Greater Cincinnati home sales are at a record high.

The Cincinnati Area Board of Realtors reported 2,051 units sold during October, which is a 13 percent increase from 1,812 sales in the same month a year ago.

"Low mortgage interest rates have been the story all year long, which has propelled the housing market," said CABR President Kathy Overstreet in a news release.
Read the full story at Cincinnati Business Courier
 






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