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Mortgage News for Sunday - February 1, 2004

More Mortgage News
• Don't let mortgage fear derail a dream
• Metropolitan Mortgage faces bankruptcy; believed file this week
• Seven steps to help alleviate some financial burdens
• Missouri Taxpayers Should File Early for Refunds, Officials Suggests
• Coalition seeks to halt BofA, Fleet deal
• AdBank value highlighted
• RBA set to hike rates
• Clean up mortgage endowment mess
• A mortgage refinancing boom goes bust?
• Five steps to mortgage bliss
• Suit accuses firms inflated value of mobile homes
• I can't keep up with my condo fees
• Mortgage endowment mis-selling scandal is ‘vastly underestimated’
• Mortgage scam feeds off forgery
• Small bank has ambitious plans for future growth
• Habitat candles on sale to help families with housing
• Plan ahead, because interest rates may go up at any time
• Australian Building Approvals Probably Dropped 1.8%: BN Survey
• Investor confidence climbs with rising house prices, sharemarket
• Increase in deductions may assist married couples
Mortgage News
Investor confidence climbs with rising house prices, sharemarket - 2004-02-01
Higher house prices and improving fortunes in the sharemarket have pushed investor confidence to all-time highs, according to ASB Bank.

However, national median prices eased $6000 between November and December, down to $229,000. And last week the Reserve Bank lifted interest rates a notch to 5.25 per cent, with floating mortgage rates now expected to rise to 8 per cent this year, putting a chill into the housing market.
Read the full story at stuff.co.nz
 
Increase in deductions may assist married couples - 2004-02-01
Married couples used to itemizing their tax deductions every year might want to take another look at their 2003 tax returns. A higher standard deduction may mean it's more beneficial to leave tedious itemizing behind.

Tax laws allow taxpayers to lower their taxable income by taking a deduction, either a standard amount or the sum of an itemized list. Deductible items like mortgage interest, real estate taxes, state or local income taxes and charitable contributions can quickly add up to more than the standard deduction.
Read the full story at OnlineAthens
 






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