2004 Economic forecast: Mortgage Rates - 2004-01-20
Southwest Washington has had its battles in the recent past with high unemployment and minimal job growth. The one really bright spot in Clark County's economic picture has been a record-setting housing market.

Mortgage rates hit a 45-year low in June, falling to just under 5.0 percent for 30-year fixed-rate mortgages. Although rebounding to 6.5 percent for about two weeks in August, by year's end this rate had leveled to between 5.75 percent and 6.0 percent.
Read the full story at The Columbian

HK Mortgage Corp To Acquire HK$1B Loans From Bk Of East Asia - 2004-01-20
The Hong Kong Mortgage Corp. reached an agreement Monday to acquire HK$1 billion of fixed rate mortgage loans from the Bank of East Asia.

Under the HKMC's Fixed Adjustable Rate Mortgage Program, home buyers will be offered mortgage loans by the Bank of East Asia which will allow them to fix the interest rate for a certain period.

The mortgage portfolio generated will then be sold to the HKMC, which will pay the bank a service fee for managing the portfolio.
Read the full story at Yahoo News