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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
Record home sales likely to go on - 2004-01-31
Home sales in Vanderburgh and surrounding counties established records in 2003, and the positive momentum is continue through into the new year.

The average rate on a 30-year, fixed-rate mortgage for all year was 5.83 percent, the lowest annual average since Freddie Mac began tracking interest rates in 1971, according to the Associated Press.
Read the full story at MyInKy.com
 
All change for mortgage savings - 2004-01-31
If one of your New Year resolutions was to work your finances into better shape, start by looking at your home loan. With so many competitive rates on offer, it is shocking that one in four homeowners has never changed their mortgage and one in three stays with the same lender.

Many will have been told an endowment shortfall is likely. Others will wish to cut the debt on their plastic or take a major holiday. Whatever the reason, the cheapest way to raise funds is to remortgage.
Read the full story at The Scotsman
 






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