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Mortgage News for Thursday - January 1, 2004

More Mortgage News
• House prices still increasing
• Home loans quiet along with sales
• Experts tell how to avoid common mistakes with money
• Maryland home values up at quickest rate in recent history
• House price survey shows Scottish rises of 50%
• ‘I’ll tell you why Lochgelly has the cheapest houses
• Increase in mortgage rates shouldn't jeopardize housing market
• Demand boosts home prices
• Spending hangovers can whack consumers
• Fees add up quickly when buying or selling a home
• 2003 was year of low mortgage rates
• Economic recovery expected to firm up
• Federal Home Loan Bank of San Francisco Shows November 2003 Cost of Funds Index
• Bush's cuts in taxes, benefits hurt state's jobless and poor
Mortgage News
Experts tell how to avoid common mistakes with money - 2004-01-01
We all committed mistakes with our money, but pinpointing those mistakes can be the first step toward correcting them.

Here are some ways experts believe consumers go wrong - and their advice for staying out of trouble:

The same holds true for paying down debt with a home equity loan or a cash-out mortgage refinancing, he added. "If people don't take care, they can dig themselves into an even deeper hole," he said.
Read the full story at Philadelphia Inquirer
 
Maryland home values up at quickest rate in recent history - 2004-01-01
Home values in Maryland are rising at the quickest rate in more than a dozen years, state officials indicated.

The surge is being led by high prices for big, expensive homes, particularly in waterfront areas In contrast, economically depressed Allegany County showed the smallest increase, at 3.5 percent.

The rising values also have helped the economy as homeowners refinanced their mortgages this year to take advantage of lower interest rates.
Read the full story at Washington Times
 






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