Greenspan to Congress: Future looks bright - 2004-02-13
Alan Greenspan released his twice-yearly economic testimony before Congress Feb. 11 and 12. After absorbing the Feb. 6 employment report, which showed job growth continues to be short of expectations, Greenspan's testimony was the most anticipated event of the week.

As a result, mortgage rates skyrocketed from a 46-year low of 5.28 percent to 6.47 percent in the same span of time. The average 30-year fixed rate of 6.47 percent remains the highest point in the past 18 months.
Read the full story at Bankrate.com

More gains forecasted in home prices - 2004-02-13
Homes in Monmouth and Ocean counties may not be growing at the rate they were a couple of years ago, but area real estate agents are readying for another year of strong sales and higher prices.

Experts said the signs are in place for the vibrant real estate market to continue. Among them:

Mortgage rates. Buyers are benefiting from mortgage rates that are hovering around 6 percent, which historically is considered low.
Read the full story at Asbury Park Press