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Mortgage News for Saturday - January 10, 2004

More Mortgage News
• Mortgage owner's tactics under fire again
• Real Estate Mailbag
• 30-Year Loan Rates Edge Up to 5.87%
• For Homeowners, Lucrative Tax Benefits Depend on Interpretation of 'Principal Residence'
• Computers change US mortgage lending-study
• Renters Soon Get Opportunity To Boost Credit Records
• Find a cheaper mortgage loan
• The hottest suburb by a country mile
• Waterloo, Iowa, Area Expects Another Year of Robust Residential Sales
• Housing starts in 2003 at highest level since 1988, declares housing agency
• Wells Fargo banking charters combined in South Dakota
• Habitat for Humanity wants local support
• The art of finding a house
• First Financial stock falls on mortgage news
• Metro foreclosures at 15-year high
• New Visions to deliver services for residents of housing complex
• Mortgage Limit for Federal Housing Administration Loans Upped
• Brown County looks for lost real-estate records
• Group sets sight on predatory lending
• National housing starts reaches 15-year high in 2003
• Ryland Announces Plan to Repurchase Stock
• Centrue Financial Hires Regional President for Kankakee
Mortgage News
Find a cheaper mortgage loan - 2004-01-10
We can be pretty sure that if they do anything, interest rates will go up. Most borrowers are paying 0.5 percentage points too much on their home loans, one mortgage broker has approximated. "Almost anyone (can) get at least 0.5 per cent off the standard variable rate without sacrificing features," said Nicholas Gruen of Peach Home Loans.

Shop around, or at least get a mortgage broker or two working for you. They're free. Don't try to be too smart, though, and fix.
Read the full story at Melbourne Age - Jan
 
The hottest suburb by a country mile - 2004-01-10
Kevin Murphy grew up on a farm in South Morang but for much of his life has lived closer to the city.
"We always wanted to have a bit of land about us," says the 47-year-old IT consultant who, with partner Natalie Day, 28, a marketing manager.

The Australian Property Monitors' Home Price Guide in the February issue of Your Mortgage Magazine rates Sydney's Castle Cove overall best performer among suburbs in Australia's capital cities.
Read the full story at Melbourne Age
 






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