Nice house - with a £12m mortgage - 2004-01-30
An undisclosed homebuyer will be forking out £50,000 a month after taking out a huge £12.12m mortgage.

The unnamed buyer of the detached property in London's Kensington and Chelsea is getting a 'huge house with more than five bedrooms, its own pool and a large garden', according to finance firm Savills, which arranged the deal.
Read the full story at This Is Money

Mortgage securities boost economy - 2004-01-30
Housing and mortgage markets have been the backbone of the U.S. economy's recovery from the recession of 2001. One-third of the economy's growth since the beginning of the decade can be attributed to housing and mortgage market activity.

The numbers tell the story. Mortgage rates at 40-year lows drove mortgage refinancing to record levels in the last several years, reaching a peak of more than $2 trillion in 2003.
Read the full story at The Sun News