Strong full year seen at Northern Rock Mortgage Bank - 2004-01-24
Mortgage bank Northern Rock is expected to post strong profit growth when it reports full-year results on Wednesday amid strong demand for home loans.

Northern Rock, the first of Britain's banks to report for 2003, is expected to post a 15.6 percent rise in pre-tax profit to 377.1 million pounds, according to a Reuters poll. Investors will also focus on the bank's profit margin and its comments on the mortgage market, analysts said.
Read the full story at Reuters

State median home price hits $335,000 - 2004-01-24
Sales of residential homes in California jumped in December, driving the statewide median price of houses and condos to $335,000, a record, an analyst indicated Friday.

The typical mortgage payment that home buyers committed themselves to paying last month was $1,497, up from $1,293 for December 2002.
In Southern California, sales in the counties of San Bernardino and Riverside hit record highs last month.
Read the full story at Modesto Bee