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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
Realtors see benefit of higher mortgage loan limit - 2003-11-26
More than 4,100 families in California could benefit from Fannie Mae and Freddie Mac's intentions to up their single-family mortgage loan limit from $322,700 to $333,700 in 2004, according to an analysis by the California Association of Realtors.

Regionally, an additional 1,100 households in the San Francisco Bay Area and 1,800 households in the five-county Southern California region will be able to benefit from the increased loan limits.
Read the full story at East Bay Business Times
 
Luxury home sales higher - 2003-11-26
A second report in as many weeks suggested there's a lot of life remaining in the luxury home market in California and the Bay Area.

A record number of Golden State homes sold for $1 million dollars or more during the third quarter, the result of strong demand, steady appreciation and reasonable mortgage interest rates, according to the newest report from DataQuick Information Systems of La Jolla. The findings mirror a report issued last week by First Republic Bank.
Read the full story at East Bay Business Times
 






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