Many Parents Purchase Houses for Children in College - 2004-01-11
Like most parents, Joy Phoenix had more bills to pay when her son started college at the University of Arizona. A freshman's parents will pay at least $6,300 for a dorm room and tuition this year.

Taking advantage of lower interest rates that make it easier for parents to pay both tuition and another mortgage, Phoenix paid $176,000 for a three-bedroom house near East Fifth Street and North Country Club Road.
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Founder of Irvine, Calif.-Based Lender Blames Self for Company's Demise - 2004-01-11
December's demise of Irvine-based lender Instafi.com was due to mortgage-rate changes and inefficient management, according to the company's top executive.

It was a fleeting success story for 34-year-old Roberts -- a man who after dropping out of college went to work in the mortgage business.

Trouble started last August, Roberts said, as rates on a fixed-rate mortgage climbed roughly one percentage point off a decades-low of 4.9 percent in mid-June.
Read the full story at Miami Herald