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Mortgage News for Monday - August 4, 2003

More Mortgage News
• Buy-to-let market healthy
• HK will increase mortgage limit to boost apartment market
• Homeowners' rate warning
• First-time buyers staking a house
• Singapore banks hit by second-quarter profit drop
• New Albany bank establishes branch in St. Matthews
• Tax bills sent to property owners
• PMI Group, others to acquire GE unit for $2.1 billion
• Before mortgage refinancing know the real cost of renovation
• FHFC commits $50M for first-time home buyers
• 2003 may be the best year ever for local home sales
• CRAIG/is tops list
• Real estate bubble or no bubble? Depends who you ask
• For movers, home sales make up for fewer businesses relocating
• The Bank of Hemet Joins MoneyLine Lending Services to Offer Full-Service Mortgage Lending Program
• Mortgage Refinancings Drop; 'Party Is Over,' Lender Says
• Bank of Internet Posts New High in Profits; Annual Pre-tax Income Surges 176%
• Factory orders 1.7% higher in June
• Low interest rates add new curve to real estate financing
• Fed sees new signs of growth
Mortgage News
Real estate bubble or no bubble? Depends who you ask - 2003-08-04
Which direction does the residential real estate market goes during the next twelve months and where will the changes occur? The answer depends on whom you ask.

Real estate pundits like Michael Y. Cannon, managing director of the South Florida office of Integra Realty Resources, and Anthony Cutaia of Boca Raton-based Cutaia Mortgage Group, see some soft spots, flattening prices, but no bubble.
Read the full story at South Florida Business Journal
 
For movers, home sales make up for fewer businesses relocating - 2003-08-04
Moving companies are getting in far fewer corporate-relocation jobs, but they are being kept busy transporting individuals to new houses.

Larson, Weiant and others are moving more people to new houses, as they take advantage of low mortgage rates. Statewide the picture is much the same.
Read the full story at Sacramento Business Journal
 






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