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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
House price survey shows Scottish rises of 50% - 2004-01-01
A study of house-buying trends across Britain has showed property prices in Dumbarton have increased more steeply than anywhere else in Scotland over the last year. The town has seen prices rocket by 50 per cent, lifting the average cost of a house from £61,480 to £91,957.

Lochgelly, in Fife, came bottom in the list of average house prices in the 634 towns surveyed across the UK, carried out by the mortgage-lenders HBOS.
Read the full story at Scotsman Online
 
‘I’ll tell you why Lochgelly has the cheapest houses - 2004-01-01
IT was formally a thriving mining town most famous for giving the world the tawse, but now Lochgelly in Fife has another claim to fame – it has the UK's cheapest property.

New research by HBOS, the UK's largest mortgage lender, found that the town remains the least expensive place to buy, despite an increase of 14% in house prices. A house in the Fife town comes with an average price tag of £54,910.
Read the full story at Glasgow Herald
 






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