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Mortgage News for Saturday - January 24, 2004

More Mortgage News
• 30-Year Mortgage Rates Dip to 5.64%
• Zero-Down Mortgages Could Become an Option for First-Time Buyers
• Strong full year seen at Northern Rock Mortgage Bank
• State median home price hits $335,000
• Foreclosed house isn't off-limits
• Fed stays on sidelines, won't change rates
• Reverse mortgage accrued interest deductible
• Mortgage broker at Marietta office named 03 Top Gun
• California's real estate costs doesn't discourage buyers
• Mortgage company's troubles persists
• Ohio gives warning to 14 mortgage broker firms
• Bad loans, economy drag down Old National
• Mortgage firm hailed by USDA
• Former title agent going to jail for taking $180,000
• Rents Higher for Apartment Dwellers in Riverside
• Realtors see more sunny days
• Irwin Financial posts profit increase of 30% in 2003
• BWC Financial Corp. Declares Fourth Quarter & Year End 2003 Earnings
• Steady is the Fed's stance
• 2001-2003 key interest rate moves
Mortgage News
Rents Higher for Apartment Dwellers in Riverside - 2004-01-24
The Inland Empire's robust economy is a mixed blessing for Inland apartment dwellers whose rents are increasing the fastest in the West, according to a study released this week.

"You have job growth, which is quite unusual in most areas of the United States," said Gerald P. Cox, Real Facts' director of marketing. Employment expansion and in-migration, Cox said, have brought new renters to replace many who have taken advantage of low mortgage rates to become homeowners.
Read the full story at Highmark Funds
 
Realtors see more sunny days - 2004-01-24
The spring real estate season is off to an early start as home buyers look to take advantage of a continuation of surprisingly low mortgage rates.

In past years, the Massachusetts spring selling season often did not begin in earnest until the weather warmed up. But with mortgage rates at their lowest level in six months -- a surprise to some economists who expected rates to be at 6.5 percent to 7 percent by the end of the year -- many buyers are eager to move fast, realtors said, on the belief that rates will soon climb sharply.
Read the full story at Boston Globe
 






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