Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Monday - September 15, 2003

More Mortgage News
• House price index at odds with lenders
• House price reports don't add up
• Struggling family acquires home with help of nonprofit group
• Housing prices higher, but financing down: BMO
• Banks eager to promote home equity lines of credit
• Mortgage rates a quarter percent lower
• UK house prices increase 14% in year
• Wells Fargo Home Mortgage will create 21 jobs downtown
• Pressure off on bank staffs as mortgage refi business cools
• Students dropped rent for mortgage
• A chastened Silipigno vows collapse of mortgage company will not be his life story
• Businesses follow residential borrowers into mortgage refi arena
• BUYERS CASH IN ON REAL ESTATE BOOM
• Habitat home completed
• Bank of Granite set to grow with Cornelius branch
• GE Mortgage Insurance removes home price limits
• Quebec homeowners get easier access to home equity borrowing through CIBC
• New index reveals house prices up 14%
• Middle class barely gets by
• The myth of a self-supporting recovery
Mortgage News
Quebec homeowners get easier access to home equity borrowing through CIBC - 2003-09-15
Cheap mortgage rates, increasing house prices and
forecasts of a more vibrant economy in 2004 are causing Quebec homeowners to look for ways to take advantage of the equity they have built up in their homes to make large purchases.

In response to this trend, effective September 8, 2003, CIBC introduced a new, convenient, cost-effective set-up service for its Home Equity Advantage line of credit and loan to Quebec residents.
Read the full story at Canada NewsWire
 
New index reveals house prices up 14% - 2003-09-15
House prices in the UK have increased by 14.6% in the last year to July, based on a new government index.

The figures, released by the Office of the Deputy Prime Minster, are based on around a quarter of all properties bought with a mortgage each month.

The move follows calls from the Bank of England and the Treasury for an official monthly house price index, which it is hoped will provide a clearer picture of the market.
Read the full story at Birmingham Evening Mail
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER