Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Monday - September 29, 2003

More Mortgage News
• Consumers need help
• Locals advertise homes on Web sites, but takers unlikely
• Atlantic Station condos attracts hordes of buyers
• Retiring baby boomers will keep property prices high
• Mortgage rates decrease for 3rd straight week
• The intelligent way to use credit card balance transfers
• Mortgage industry prepares for rate increases
• Shut down mortgage firm sued
• BofA using online helpers to increase mortgage business
• Higher California mortgage defaults predicted
• Suit: Fountainhead charging 'sham' fees
• Area banks' ROA dips below national average in second quarter
• Real estate on the menu
• Soaring real estate values provides mortgage insurance relief to some
• Wachovia Mortgage begins e-mail effort
• More people face money problem
• Abana Realty relocates to Hoover, triples HQ size
• Low mortgage rates boost commercial lending in first half of 2003
• Finance firm expands rare network
• New regulations may lower manufactured home sales
• Competition Creates Sunday Banking Hours
• Slight increase in interest rates doesn't slow buyers
Mortgage News
Atlantic Station condos attracts hordes of buyers - 2003-09-29
The competition for condos in the Atlantic Station mega-development in Midtown is attaining the fevered pitch of enrolling a child in an elite preschool on Manhattan's Upper East Side.

Interest in the development is so high fueled in part by low mortgage rates that Lane officials decided a party would be the best way to sell this phase of condos and pre-sell more than 250 units that are to open later next year and in 2005.
Read the full story at Atlanta Journal And Constitution
 
Retiring baby boomers will keep property prices high - 2003-09-29
Apart from the fact that there is not yet a real estate bubble in Australia, versus a sustainable once-off shift upwards in property values due to lower interest rates, there is another factor that will keep prices where they are for a few years yet.

This was simply explained in a recent paper by ANZ Bank chief economist Saul Eslake: the mortgage that a couple on average weekly earnings could afford, based on spending a steady 25 per cent of their gross income on loan repayments, has gone from $136,000 in 1992 to $297,000 this year.
Read the full story at Melbourne Age
 






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