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Mortgage News for Tuesday - February 17, 2004

More Mortgage News
• Jobs and the Resurgent Economy Another White House intelligence mistake
• Mortgage duration Fannie Mae Jan duration gap at minus one month
• Condo sales out pace a fast market
• No-proof home mortgage loans 'invite disaster'
• House prices to keep climbing
• Profits are higher at B&B as mortgage lending climbs 70%
• It's cheaper to acquire than rent a council house
• Market for prebuilt homes looks promising
• Scam Alert: He's disappeared - and so has teachers' money
• Wisconsin home sales climb
• Wisconsin home sales climb
• Low mortgage rates helping proprietors of rentals
• DYFS plan involves aid for housing
• Fannie Mae bumps up 2004 US mortgage forecast
• United Financial Mortgage Corp. Enters Title Insurance Market
• Gay Rights Proponents Score Wins in Va.
• Fannie Mae eases mortgage debt buying in January
• Preston's first Home Expo coming, starts April 17 in Kingwood
• U.S. home builder optimism affected by bad weather
• Associated Mortgage to transfer its Loan Servicing to the Fiserv MortgageServ Platform
• Mortgage refinancing frenzy abates
• House prices expected to grow for another three years
• Consumer Direct of America Loan Pipeline Expands to $185 Million in February
• House prices predicted to stabilise
Mortgage News
Wisconsin home sales climb - 2004-02-17
Low interest rates caused a 6 percent growth in existing-home sales statewide last year, the Wisconsin Realtors Association reported.

Buying a home is not a snap decision. People think it over for quite some time, then try to make the jump when mortgage rates move. Last year, we had a lot of jumpers," said Lawrence Mun, senior economist for the National Association of Realtors in Washington. "This year, we'll see a modest decline."
Read the full story at Chippewa Falls Online
 
Low mortgage rates helping proprietors of rentals - 2004-02-17
For Bob Levine, who owns more than 2,000 rental-unit properties, low mortgage interest rates have so far been a double-edged sword.

With interest rates near all-time lows, Levine has been able to refinance many of the mortgages on his apartment buildings to help offset cost increases in other areas of the business, such as insurance and fuel.
Read the full story at Star Tribune
 






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