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Mortgage News for Friday - January 9, 2004

More Mortgage News
• Job Available for Mortgage Unit
• Hawaii lenders charge 5.5% for mortgage
• First Eastern Mortgage Corporation Recipient of Freddie Mac Award
• Mortgage rates edge up
• Service puts Magic into mortgage lending
• Amico's broker sent to prison
• Track this mortgage
• Mortgage program accessable to low income families
• 2003 housing starts reach 15-year high
• Time to shift mortgage?
• HOUSING AFFORDABILITY
• 5 stories from debt hell
• Federal Rules Tie Down North Carolina's Ability to Limit Mortgage Loan Fees
• North Carolina Officials Vow to Fight Federal Easing of Mortgage Fee Rules
• Maybe it's time to become a lender
• How to save thousands through remortgaging
• Average personal debt hits £4,426
• Building permits pulled in Lee pass $2B mark for year
• Analysts not worried of mortgage rates
• House prices going up
• Slow apartment market shows little signs of revival
• YOUNG PRICED OUT OF HOUSING MARKET
Mortgage News
Maybe it's time to become a lender - 2004-01-09
Rising interest rates can be troublesome for borrowers - especially if your debt is non-deductible, like a mortgage or a credit card - but they can be an advantage for lenders.

If you're a lender, the higher the interest you charge on the money you lend, the greater your income. When you invest in a fixed interest fund, a lender is effectively what you become.
Read the full story at Sydney Morning Herald
 
How to save thousands through remortgaging - 2004-01-09
Remortgaging activity has risen sixfold over the last five years, according to figures from the Council of Mortgage Lenders.

But while many people are making the most of better rates, it is estimated that more than half of all borrowers are continuing to pay over the odds for their mortgage each month.

Switching to a cheaper deal is one of the easiest ways that homeowners can save money.
Read the full story at BBC
 






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