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Mortgage News for Saturday - December 25, 2004

More Mortgage News
• Many drawn by joys of being a landlord
• Jeff Brown: Time to leave your ARM, switch to low fixed rate
• How to save 10 percent of your income
• Finance: the Deal on Home Equity Lines
• A booming market
• Housing market to end year on strong note
Mortgage News
A booming market - 2004-12-25
The baby boomer generation is dominating California's real estate market, a new study reveals.

That age group's willingness to move up is part of a trend that is helping to fuel rising home sales across the state and in Solano County, where median home prices have hit a new record.

"They're moving up," said Jim Porter, senior loan officer and owner of Solano Mortgage in Vacaville.
Read the full story at The Reporter
 
Housing market to end year on strong note - 2004-12-25
Earlier this month, the National Association of Realtors provided the following release highlighting interesting reports and projections for real estate.

Lereah expects the 30-year fixed-rate mortgage should rise slowly but average only 6.4 percent next year.

In 2005, Lereah expects the median existing-home price to rise 5.0 percent and the typical new home price to grow by 5.8 percent.
Read the full story at Saint George Spectrum
 






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