Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Friday - January 23, 2004

More Mortgage News
• U.S. mortgage rates same on Friday
• Regions, Union Planters declare merger plans
• Rising mortgage rates won't hurt US housing-Fannie Mae
• Home market soars
• Santa Clara County home sales up
• Lending Suit Settlement Means Less Money for North Carolina Plaintiffs
• Does purchasing a home always beat renting?
• Mortgage rates reaches 40-year low
• Denver Chamber Sees 1.2 Percent Job Growth
• Identity theft growing rapidly
• U.S. agency wants Freddie Mac executive testimony
• Ventura County, Calif., Real-Estate Firms Declares Profit in Fourth Quarter
• Wauwatosa, Wis., Economic Development Corporation Regroups
• The murkiy side of the mortgage
• New-Home Building Frenzy Goes into December
• A major forecaster of trends increases optimism
• New home prices increase by £8,000
• Standard deal on mortgages
• FHA wants to insure zero-down mortgages
• The Debt Adviser
• Lower mortgage loan activity hurts Bank of Ky. 4Q
• Some facing retirement worry about having too much income
• Auditor quits at Met Mortgage
• Associated Bank income increases 4.1 percent
Mortgage News
Does purchasing a home always beat renting? - 2004-01-23
President Bush’s 2003 tax cuts did more than return some money into people’s wallets. For lots of folks, it also reduced -- and in some cases, eliminated -- the tax benefit they got from owning a home.

First, most mortgages require you to pay down your balance over time, creating a form of “forced savings.” Even if your home never appreciates at all, you gradually build up more equity over time with your payments.
Read the full story at CNBC
 
Mortgage rates reaches 40-year low - 2004-01-23
The interest rate on a 30-year fixed rate mortgage is currently 5.8 percent. And this could be your last opportunity to take advantage of such low rates.

Mortgage rates dropped last week and are now at their lowest levels since July. Thirty-year fixed rate mortgages are at 5.58%, a 40 year low. And it's another chance to refinance. Rates were at 6.2% in early December.
Read the full story at MSNBC
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER