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Mortgage News for Friday - January 30, 2004

More Mortgage News
• Ask the expert: Poor credit histories
• Company reliability queries grow
• E-loan posts poor results, mortgage refinancing down
• Economy Grows at 4% Rate in Last Quarter of 2003
• Consumer debt growth cools down
• Bay Area housing values healthy -- for now
• A flexible new way to purchase a home
• Mortgage Lender Washington Mutual cuts 98
• December mortgage jump establish record
• Piling America with unhealthy debt
• Minnesotans May Look Back at 2003 as Year Filled with Financial Misery
• Property Owners in Norwalk, Conn.-Area Look at Reverse Mortgages
• Saving to pay down the mortgage
• Higher mortgage rates no worry: trust
• Would-be investors on sidelines
• Helping hand for first-timer home buyers
• Nice house - with a £12m mortgage
• Mortgage securities boost economy
• Renters don't buy into condo plan
• Akron-area firms erroneously on mortgage broker registration revocation list
• Firefighter program lowers costs of houses
• Housing supply blunts the region's growth
• Broker is facing mortgage charges
• Cash purchase or mortgage for a home?
• Mortgage rates stay low, home buyers enjoy
• Spokane home sales establish records again last year
Mortgage News
Saving to pay down the mortgage - 2004-01-30
We posess £9,000 each in Natwest cash Isas plus a two-year-old Norwich portfolio bond* (£10,000), £7,000 in the Halifax online saver, plus £31,000 in a Halifax current account. Our house is worth £125,000 and we owe £42,500 on it (4.5%).

We want to invest £20,000 to 25,000 for capital growth* at low/medium risk to give enough profit in eight/nine years to pay off the mortgage and hopefully cover education fees for the kids.

DW, Cumbria.
Read the full story at This Is Money
 
Higher mortgage rates no worry: trust - 2004-01-30
Despite a softening residential market and the possibility of higher mortgage rates, Australand Property Group expects to meet its profit forecast for financial year 2004.

In announcing its full-year profit result for 2003 in Sydney yesterday, Australand managing director Brendan Crotty said the group would meet the forecast profit of $135.3 million in 2004.
Read the full story at The Mercury
 






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