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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
New home prices increase by £8,000 - 2004-01-23
The average price of new houses sold between July and September last year was £110,000 - an increase of £8,000 (7.8%) on the same quarter in 2002.

504 actions for mortgage possession were recorded, an increase of 25.4% on the same period in 2002. Detached houses represented 33% of all NHBC intended housing starts.
Read the full story at Belfast Telegraph
 
Standard deal on mortgages - 2004-01-23
I am 34, currently unemployed, with a Halifax fixed rate mortage of 5.65% which goes back to its standard variable rate* in April 2004. I have a redundancy package and savings of approx £35,000. All the literature I've read says it is almost impossible to remortgage* to a lower rate. Is this true or can I speak with Halifax to see if they will 'set a deal' rate? JD, London.
Read the full story at This Is Money
 






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