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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
Waterloo, Iowa, Area Expects Another Year of Robust Residential Sales - 2004-01-10
A combination of low interest rates and a healthy local economy energized yet another strong year of residential sales, according to two real estate professionals.

With long-term mortgage rates under 6 percent, many took advantage of the opportunity to purchase a new home. Gale Bonsall, owner of Trapp Realtors-GMAC Real Estate, said the market was fueled by multiple types of buyers, which is typical of a hot market.
Read the full story at Miami Herald
 
Housing starts in 2003 at highest level since 1988, declares housing agency - 2004-01-10
Annual housing starts last year were at the highest level since 1988 due to low mortgage rates, growing employment and increasing incomes, Canada Mortgage and Housing Corp. says.

"Total housing starts for 2003 are an estimated 217,800, representing 6.2 per cent growth over 2002," Bob Dugan, chief economist at the CMHC market analysis centre said Friday in a statement.
Read the full story at Canadian Press
 






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