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Mortgage News for Thursday - January 8, 2004

More Mortgage News
• Mortgage Rates Inch Up Again This Week
• Make big savings by switching your mortgage
• Banks fail to disclose full mortgage data
• Subsidies for rich mortgage lenders generate little returns
• Property investors worry about new mortgage rules
• Mortgage Inertia Costs Homebuyers £2.2 Billion A Year
• Don't wait -- lock in that mortgage rate immediately
• Re-evaluate your mortgage as you would a portfolio
• Mortgage executive claims innocence to theft charges
• Mortgage Scam suspects plead innocent in Greensboro federal court
• Mortgage broker accepts conviction for killing wife
• Different situations? Change your mortgage
• On Personal Finance | Private mortgage insurance: How to free yourself
• Mortgage nightmares are not finished
• Wells Fargo at top of mortgage lenders list for 2002
• Looking Out For Mortgage Fraud
• House prices 'will increase by 8pc in 2004'
• Look around for best mortgage deal
• Why USA acquired California mortgage firm
• FHA ups single-family mortgage limits
• LendingTree solidly planted in real estate
• Stanford Carr forms mortgage company
Mortgage News
Mortgage Rates Inch Up Again This Week - 2004-01-08
Mortgage rates inched up again this week, with the 30-year rate climbing to the highest level in nearly a month. But even with the modest rise, rates still are low enough to keep the housing market robust, analysts said.

The average rate on 30-year mortgages rose to 5.87 percent, up from 5.85 percent last week, Freddie Mac, the mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates. That was the highest level since Dec. 12, when the rate was 5.88 percent.
Read the full story at Miami Herald
 
Make big savings by switching your mortgage - 2004-01-08
Even if the Bank of England's Monetary Policy Committee decides this week to maintain the base rate at 3.75 per cent, it is soon expected to opt for an increase. This means if you want to see a fall in the cost of your mortgage this year you're going to have to do something about it.

Mortgage rates vary hugely - there are huge differences even between the standard variable rates (SVRs) offered by lenders.
Read the full story at The Scotsman
 






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