NAR:Economy Improves, Home Sales Softer in 2004 - 2004-01-06 A growing economy will help maintain strong home sales in 2004, but housing activity isn't likely to equal last year's record, according to the National Association of Realtors.
The 30-year fixed-rate mortgage is projected to average 6.5 percent in 2004, up from a generational low of 5.8 percent in 2003. "On the heels of three consecutive record years for home sales, the uptick in mortgage interest rates will offset some of the benefits of an improving economy. Read the full story at Business Wire via Yahoo!
AAMG reported November 2003 production of $5.1 billion, with more than 30,600 loans funded. Year-to-date (January 1, 2003 through November 30, 2003), AAMG's production totaled $120.2 billion. Read the full story at PR Newswire via Yahoo!