Mortages "volatile" in OCR wake - 2004-02-16
Hiking the official cash rate has caused volatile results for mortagages, announced the Real Estate Institute of New Zealand, with bank responses all over the map.

In general, floating mortgage interest rates rose sharply in the wake of the OCR's tightening, while fixed interest rates showed signs of easing against the prior period.
Read the full story at National Business Review

The Fed on Mortgage Giants Freddie and Fannie - 2004-02-16
The Federal Reserve recently cut a link between the government and mortgage giants Freddie Mac and Fannie Mae when it declared it would phase out its practice of giving the companies day-long interest-free loans by 2006.

The Fed's move isn't expected to have a significant material impact on Freddie and Fannie when it becomes effective, but it does signal to investors that Fed officials believe some of Freddie and Fannie's special benefits should be scaled down.
Read the full story at Washington Times