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Mortgage News for Wednesday - January 14, 2004

More Mortgage News
• Average mortgage rates for 1-family homes
• U.S. weekly mortgage requests up last week
• Treasuries Up: We Have No Inflation
• Brokers open discussion on merger
• California Sues Florida Mortgage Company for Supposedly Do-Not-Call Violations
• 4th-quarter earnings lower at Bank of Granite
• Housing economists expect drop in 2004
• Metropolitan Mortgage Investors Fear Huge Losses
• Time to put financial strategies in place
• Changing situations? Change your mortgage
• Drawing equity to invest
• Renters in Otay Mesa against condo conversion
• Rise in home-repair loans credited to ads
• Thriving Real Estate and Mortgage Markets to Feed Mexico's Structured Finance Growth in 2004
• Manhattan Apartment prices up on supply squeeze
• Fannie Mae rated "market outperform"
• Time to pare back your spending
• County home sales growing
• Economists: Home-price growth to taper off
• BB&T Places First Among Banks in National Survey of Home Mortgage Customer Satisfaction
• UK housing market maintains upward trend
• Interest rate cuts could be on horizon
• Habitat homes can pay off
• Texas Veterans Land Board Picks MortgageFlex's LoanQuest Servicing
• Bank veteran to manage outlying Vectra branches
• Denver real estate still slow
Mortgage News
Average mortgage rates for 1-family homes - 2004-01-14
Average mortgage rates for single-family homes among some of the largest metropolitan areas as of Jan. 14 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage.

Boston 5.87 + 0.00 5.96 + 0.00

Chicago 5.76 + 0.13 5.94 + 0.08

Dallas 5.56 + 0.70 5.77 + 0.63

Detroit 5.58 + 0.44 5.77 + 0.46
Read the full story at Seattle Post Intelligencer
 
U.S. weekly mortgage requests up last week - 2004-01-14
Americans sent more requests for mortgages to refinance or to purchase homes last week as 30-year mortgage rates fell to their lowest levels since July 2003, a U.S. mortgage industry group said on Wednesday.

The Mortgage Bankers Association said its widely watched mortgage market index, a measure of mortgage loan demand, for the week ending Jan. 9, climbed 17.1 percent to 702.6 from the previous week's 599.9.
Read the full story at Reuters
 






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