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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
Economy delivers a cheery Thanksgiving: Most indicators Positive - 2003-11-26
The economy generated a lot of news to be grateful for on Wednesday, heading into the Thanksgiving holiday weekend:

Some analysts believe the economy is growing at a slower but still healthy rate of about 4% in the current October-to-December period, as some of the stimulus that helped in the third quarter — a third round of tax cuts and a wave of mortgage refinancing — begins to fade.
Read the full story at USA Today
 
30-Year Mortgage Rates Increases 0.06 Percent - 2003-11-26
Mortgage rates around the country went up this week, but remain lower than during the same period a year ago.

For the week ending Nov. 28, the average rate on 30-year mortgages increased to 5.89 percent, up slightly from 5.83 percent the previous week, mortgage giant Freddie Mac reported Wednesday in its weekly nationwide survey.
Read the full story at Miami Herald
 






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