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Mortgage News for Monday - January 26, 2004

More Mortgage News
• Freddie Mac retained portfolio smaller in December
• Existing home sales establish a record in 2003: 6.1 million
• Santa Fe, N.M., Home Prices May Remain Same in 2004
• Don't bite off too much house
• IFG arm sees 46% mortgage increase
• Savers sock more away - but many set no cash aside
• Canadians invade France and start acquiring real estate
• IF to add 200 more staff for mortgages
• Cincinnati Home Sales Break Record For 2003
• Pulaski blunts mortgage downturn with other business
• Illinois home sales 5% higher in 2003, setting new record
• First Banks' Q4, fiscal year profit up
• Remortgaging your home to save money
• Real Estate Expo Comes to Miami
• Kerry's six million dollar mortgage for campaign
• Area Residents Indicted for Fraud and Obstruction of Justice
• BM Solutions at mortgage trail again
• Florida's Existing Home Sales Up 14 Percent, Median Sales Price increases 12 Percent in December
• Blacks Returning to New South
• US mortgage-backed bond prices lower, spreads widen
• Economic worries run high in Arizona
• CMG Mortgage Services Broker Guy Schwartz Earns Prestigious National Mortgage Industry Certification
• Good Times Still a Go for Housing Market
• Buyers fall behind on mortgages, fail to keep homes
• United Bancorp, Inc. Reports Record Earnings Reflecting an Increase of 16% for 2003
• SecureMove releases lifetime mortgage service
Mortgage News
Santa Fe, N.M., Home Prices May Remain Same in 2004 - 2004-01-26
Santa Fe's real estate market is not expected to get much more expensive in the 2004 real estate year, but prices won't tumble much either.

The company's leaders who prepared the report, Michael and Pat French, maintain that a slowdown in the market "could come before November if mortgage rates jump too high too quickly, or if housing prices, which in some cases have gotten ahead of themselves, become a low-grade virus for consumers."
Read the full story at Miami Herald
 
Don't bite off too much house - 2004-01-26
Thirty years ago, first-time home buyers were often told to maximize as far as they possibly could to acquire a house. Back then, that advice made some sense. Today, it can be a recipe for disaster.

What’s more, you can’t count on your real estate agent, a mortgage loan officer, your friends and family or an Internet calculator to know what you can really afford. That’s a decision you have to make yourself after reviewing your finances, your future obligations, your goals and your gut.
Read the full story at CNBC
 






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