Council approves housing program - 2004-01-29
City Council Wednesday okayed a state housing program designed to attract homeowners back to Warren.

Each home will cost about $130,000 to buy and rehabilitate. The home will then be sold to eligible residents for $75,000, with what Iannucci called a second ''soft'' mortgage of $25,000 that will be forgiven if the owner stays in the home for 15 years.
Read the full story at Warren Tribune Chronicle

Mortgage rate hike expected - 2004-01-29
Mortgage interest rates will range above eight per cent later this year, putting a damper on house prices, and the dollar may top US70c, knocking exporters.

Those predictions follow Reserve Bank Governor Alan Bollard's surprise decision to lift official interest rates to 5.25 per cent yesterday. Almost all commentators had expected the rate rise to come in March.
Read the full story at Marlborough Express