UK mortgage market energized by huge increase in remortgaging - 2004-01-17
The slowing growth in gross advances for house purchases can be lmainly explained by a drop in first time buyers who are put off by the current high prices.

According to Datamonitor's Karina Purang, it is the growth in remortgaging that is currently driving the mortgage market as rising house prices have encouraged consumers to unlock the equity in their homes...
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Lower Interest Rate Drop in New Year Boosts Home Loan Applications - 2004-01-17
Mark P. Gorman, executive officer of Gorman & Gorman Home Loans, declares, “The big surprise in the mortgage industry for 2004 in both St. Louis and nationwide is that interest rates have dropped again, creating a surge in applications for new loans before rates go back up.”

“Year 2004 started with a bang as more people take advantage of interest rates that are lower than they were a few weeks ago,”
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