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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
Time to manage credit-card debt and start planning for taxes - 2004-01-05
A couple of months ago, I wrote that I heard enough all the holiday finger-wagging about thrift and thought people should just enjoy themselves.

If you have a big debt that's going to take many months to pay, consider shifting to a new card that offers a low rate on balance transfers. But don't do this unless you really have to, as the transfer will show up on your credit report. If you look like a person who puts off paying the bills, it could hurt your chances of getting a mortgage or other loan.
Read the full story at Miami Herald
 
Steady House Values Across UK - 2004-01-05
House price growth is likely to stay steady during 2004, economists are forecasting. Low interest rates and high employment levels are continuing to fuel the market.

Britain's biggest mortgage lender, Halifax, expects the cost of a home to rise by 8% during 2004, which it said was close to the longer term average during the past 20 years.
Read the full story at Sky News
 






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