U.S. Mortgage Rates Decreased to 5.66 Percent - 2004-01-15
Mortgage rates around the country decreased this week to a six-month low. The average rate on 30-year mortgages dropped to 5.66 percent, down from 5.87 percent last week, Freddie Mac.

The mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates. This week's rate was the lowest since July 11 when the rate averaged 5.52 percent.

Rates on 30-year mortgages have bounced around after sinking to a four-decade low of 5.21 percent in the middle of June.
Read the full story at Washington Post

Mortgage Player National City to restate past results - 2004-01-15
National City Corp. will restate some already reported financial results going back to 2001 after discussions with the Securities and Exchange Commission, the company said Thursday.

The move is in response to comments from SEC staff relating to hedging programs for mortgage servicing rights and loans held for sale.

National City said the restatement primarily changes the timing of the fair value of loans held for sale during the three-year period that ended Dec. 31.
Read the full story at San Francisco Chronicle