Mortgage requests drop - 2004-01-29
Americans filed fewer mortgage requests last week as a slight uptick in mortgage rates tempered the resurgence in loan demand seen in the prior week, an industry trade group said on Wednesday.

The Mortgage Bankers Association said its market index, a measure of weekly mortgage activity, fell for the week ending Jan 23 by 5.2 percent to 868.9 as average 30-year mortgage rates rose 3 basis points to 5.58 percent.
Read the full story at MSNBC

Borrowers beware: Interest Rates will rise again - 2004-01-29
Talk about your nostalgic trips down memory lane: While cleaning out a file at home the other day I came across an old notice from the credit union regarding a renewal of a certificate of deposit.

The upside -- the budgetary relief delivered through mortgages refinanced about as frequently as people mow their lawns, not to mention credit card payments trimmed by hopping to low teaser-rate offers.
Read the full story at Seattle Post Intelligencer