New book gets down to mortgage facts - 2004-01-06
Usually known as "The Mortgage Professor" by his nationally syndicated newspaper column readers, Wharton School of Business professor Jack Guttentag shares his insider knowledge in "The Pocket Mortgage Guide."

This is definitely not a boring "how to get a home mortgage book." Instead, it is concise and direct, often including unique approaches. To illustrate, the author says mortgage affordability must be calculated using the income rule, the debt rule and the cash rule.
Read the full story at Inman

Mortgage rates edge up, but home sales still strong - 2004-01-06
Local mortgage lenders indicated Monday that new home mortgage applications remain robust and refinancing can still be lucrative for homeowners even though rates inched up last week, ending a three week stretch in which rates had moved down.

For the week ending Jan. 2, the average rate on 30-year mortgages rose to 5.85 percent, up slightly from 5.81 percent last week, Freddie Mac, the mortgage giant, reported Wednesday in its weekly nationwide survey of mortgage rates.
Read the full story at Starkville Daily News