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Mortgage News for Monday - January 5, 2004

More Mortgage News
• A second home may not be vacation paradise
• A fire does effect home equity
• Stay-at-home mom doesn't want to go back to work
• Construction spending breaks record for fifth straight month
• Ex-receiver now a mortgage lender
• Balancing family, work: More Americans realize they can't have everything
• Where are house prices going in your town?
• U.S. consumers living dangerously with high debt
• Time to manage credit-card debt and start planning for taxes
• Steady House Values Across UK
• Banks Has Cheapest Mortgages - Survey
• DEVELOPER MAY LOOK FOR DEAL ON HOUSING DENSITY
• Plenty of million dollar homes on the market
• Ryan looks to improve region's economic climate
• Robert Dozier Jr., Mortgage Executive
• Festive spending causes bankruptcy hangover
• Thailand May Encourage Banks to Merge to Increase Competitiveness
• Australian Building Approvals Decreased 5%
• RBC Mortgage Renames More Than 115 Branches After Recent Acquisition
• Oak Street Mortgage Hires Portfolio and Pricing Manager
• Reverse mortgage expensive but may assist retirees
• US mortgage rates same Monday
• US to lean on Fannie, Freddie on affordable housing
• Lucky Winner Starts 2004 With An Extra $88 Million
Mortgage News
Stay-at-home mom doesn't want to go back to work - 2004-01-05
Greg and Gina Marwick used to be comfortable on their two incomes. Between her job as a health educator and his as an electronics technician, the couple had money in their bank accounts for the mortgage on their three-bedroom home, payments on a 2003 Pontiac Vibe and regular dinners at Buon Appetito in Benicia.

But that all changed when Gina got pregnant a year ago. She quickly decided she would rather stay at home with 4-month-old daughter Alyssa than return to her full-time job in Oakland.
Read the full story at Contra Costa Times
 
Construction spending breaks record for fifth straight month - 2004-01-05
Construction spending broked another record in November as continuous low mortgage rates powered home building and state and local governments did their part by pushing their activity to all-time highs as well.

The Commerce Department reported that construction rose 1.2% in November from the October pace, to a seasonally adjusted annual rate of $934.5 billion.
Read the full story at USA Today
 






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