Apply Online Today!

Zip Code:
Loan Purpose:



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
Where are house prices going in your town? - 2004-01-05
Home-sales records have been broken during the e past three years. But economists see the trend ending in 2004, along with a moderation of the stunning price increases across the country. Then again, they predicted as much for 2001, 2002 and 2003.

The reason a slowdown in housing prices is no sure thing is that, economically speaking, the only factor that might finally cool the rising-sales-and-prices trend is the increase in prices themselves. Mortgage rates are expected to stay attractive at below 7%.
Read the full story at CNBC
 
U.S. consumers living dangerously with high debt - 2004-01-05
For those who enjoy shopping, the holidays are a good excuse to luxuriate at posh department stores, chase deals, jog onto online shopping spots and spend money wherever they can.

Everywhere we look, we're encouraged to spend, spend, spend. Budgets are being squeezed by mounting credit-card debt, student loans, mortgage borrowing and, increasingly, by rising out-of-pocket health care costs.
Read the full story at Miami Herald
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER