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Mortgage News for Friday - January 2, 2004

More Mortgage News
• 30-Year Mortgage Rates Drop to 5.81%
• Why Your House Will Go Up In Value
• Many Forms Of Racial Bias In Mortgage Lending
• Gradual Change in Housing Market Possible in '04
• Householders borrowing record amounts against their property
• U.S. HUD terminates loan incentives for Fannie, Freddie
• Record purchasing on credit cards
• Annaly Mortgage to acquire asset manager
• Where are house prices going in your town?
• California Realtors Forecast Healthy Market in 2004
• Quit smoking and pay down mortgage
• Year's Pumped Up Car Sales
• Prepare to save more in 2004
• Mortgage Rates settle down
• Mobile home buyers have more protections
• Financial Q&A: Figure out your life before deciding on a mortgage
• Analysts predict housing trends for '04
• US mortgage bond spreads narrow on seasonal demand
• Colombian mortgage loans higher 20.37 pct July-Sept
• Mortgage lending growth up in November
• FAMB Miami Chapter to hold Home Ownership Workshops in Miami
• Sizzling U.S. Economy Expected to Slow in Early 2004
• Finnish mortgages jumped by 15.2% in November 2003
• UK house growth expected in single digits
Mortgage News
Quit smoking and pay down mortgage - 2004-01-02
Britons could save a total of £50bn this year if they maintained their New Year's resolutions and give up a bad habit. Stopping smoking is the most popular pledge, with one in five intending to quit, according to a survey.

And if people saved the money, they would have spent and used it to offset the amount of interest they pay on their mortgage, the savings would be even greater.
Read the full story at This Is Money
 
Year's Pumped Up Car Sales - 2004-01-02
Generous consumer incentives and a stronger economy appeared to be helping sales of new cars and trucks to one of the highest levels of 2003 in December, analysts say.

He added, however, that sales might suffer in the second half of next year as the wave of mortgage refinancing fades and national fiscal policy likely tightens. Merrill Lynch analyst John Casesa predicts a slightly lower selling rate of 17.9 million for December
Read the full story at Newsday
 






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