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Mortgage News for Saturday - November 29, 2003

More Mortgage News
• Property values: Thailand to impose limit on mortgages
• The disappearing house auction
• Salary sacrifice saves tax dollars
• Quarterly record in state home sales
• Fed: Dallas economy posting signs of improvement
• Irondequoit residents will not be hit with tax increase
• Realtors appoint new chairman
• A simple form could help save your home
• COULD YOUR HOME BECOME YOUR NEST EGG?
• Buyers enjoy low interest rates
• Home values show no indications of slowdown
• Residents flee troubled Trail Mobile Park
• She is scared debt will drive hubby away
• Property values: Thailand to establish limit on mortgages
• Jackson's overall finances remain in mystery
• Keeping holiday debt in check
• Time bomb of debt is ticking
• Be imaginative with stockings
Mortgage News
Salary sacrifice saves tax dollars - 2003-11-29
THE fringe benefits tax as well as the goods and services tax have cut into a slew of options for employees wanting to salary sacrifice to save tax and make their income stretch further.

Employers now caught in the 48.5 per cent FBT net are no longer willing to offer salary sacrifice benefits like health fund payments, school fees, credit card and mortgage payments.
Read the full story at news.com.au
 
Quarterly record in state home sales - 2003-11-29
Total state existing-home sales activity in the third quarter was the highest on record, with 48 states and the District of Columbia seeing increases from a year ago, according to the National Association of Realtors.

Clearly, the historic lows we’ve seen in mortgage interest rates this year are the biggest factor in record home sales, but the growing number of households entering the prime years for buying a first home will be driving the housing market for years to come.
Read the full story at Cumberland Times
 






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