Parents in debt borrow from kids - 2004-02-12
People in East Lancashire are becoming so overwhelmed by debt that over a quarter of parents borrow from their young children's savings every year.

Independent adviser Doug Parker, of Clitheroe, said: "People may have to resort to borrowing from their kids' savings for a number of reasons.
"Most of my business involves mortgages and many people come to me to re-mortgage their property in order to consolidate other debts.
Read the full story at Lancashire Evening Telegraph

Bankrate: Mortgage Rates Close To Standstill - 2004-02-12
Mortgage rates decreased by a narrow margin, one week after staying unchanged. The average 30-year fixed rate mortgage dipped from 5.72 percent to 5.71 percent.

The 15-year fixed rate mortgage popular for refinancing reversed last week's move, falling from 5.05 percent to 5.02 percent. The jumbo 30-year
fixed rate mortgage declined 4 basis points to 5.92 percent,
Read the full story at PR Newswire