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Mortgage News for Saturday - January 31, 2004

More Mortgage News
• Insurer denies mis-selling endowment mortgage charges
• Market Mood Reacts To Fed Statement
• 30-Year Loan Rate Moves Up to 5.68%
• Real Estate Mailbag
• Abbey looks at Woolworths for branch network supremo
• Economic Growth Again, but Slower
• Mortgage Insurer Triad Guaranty Posts Fourth-Quarter Profit
• Pasadena, Calif., Lender IndyMac Expects Slowdown in Profits, Refinancings
• New home sales over 1 million mark in 2003
• City no longer lead in affordable housing
• U.S. economic growth at 4 percent
• Mortgage lenders target self-employed
• Washington Mutual to eliminate 188 jobs
• Ohio homebuyers' program slash mortgage rates
• Record home sales likely to go on
• All change for mortgage savings
Mortgage News
30-Year Loan Rate Moves Up to 5.68% - 2004-01-31
Mortgage rates around the country moved up this week amid speculation on Wall Street about when the Federal Reserve might start pushing up short-term interest rates.

The average rate on 30-year mortgages increased to 5.68 percent, from 5.64 percent last week, Freddie Mac, the mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates.
Read the full story at Washington Post
 
Real Estate Mailbag - 2004-01-31
Q DEAR BOB: My father passed away three years ago at age 78, leaving his estate to my brother and me. We divided the assets equitably with no problems, except for the house.

ADEAR TODD: Your father's girlfriend has a legal duty to maintain the property and pay the property taxes and the mortgage interest, if any. Failure to do so is called "waste" and is a legal basis for the remaindermen to sue to have the life estate terminated.
Read the full story at Washington Post
 






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