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Mortgage News for Wednesday - February 18, 2004

More Mortgage News
• Ceres family wins house giveaway
• Residential construction activity slows
• U.S. housing starts fall, store sales up
• US mortgage requests higher, 30-yr rate at 7-month low
• AOL applies heat on alleged Sunshine State spammers
• US Weekly Mortgage Requests Higher in Week
• Pay down a mortgage with a home-equity loan
• Move up and out - but stay put
• Manchester council tenants 'better off purchasing'
• Free wheeling parents leave little inheritance
• Seattle-Based Washington Mutual to Open 50 More Branches in Chicago Area
• Don't bank on Bradford & Bingley
• Dayton, Ohio, Housing Authority to Review Links with Nonprofit Agency
• Executives Draw Paychecks at Bankrupt Spokane, Wash., Metropolitan Mortgage
• Should I offset mortgage?
• Not so sweet equity release
• North Fork, GreenPoint to shut 15 banks
• Mortgage lending surge boosts Britannia
• Bank's MPC members unanimous on interest rate hike
• Prepaying mortgage hikes taxes?
• Bermuda housing market forces 'out of control', claims economist
• Greenspan to Congress: Future looks bright
• Keep up with the going mortgage rate
• Many waltham residents in danger of being forced away by quickly rising costs
• Dubai house prices should double
• Fannie Mae critical of Fed study on its market role
Mortgage News
Keep up with the going mortgage rate - 2004-02-18
Most banks and building societies were quick to pass on interest rate hikes to mortgage customers after the Bank of England raised the base rate* by a quarter point.

And though savers should have something to celebrate, the savings institutions* will be in no hurry to unveil better returns. Financial Mail looks at the impact of the rate changes from the viewpoint of both borrowers and savers.
Read the full story at This Is Money
 
Many waltham residents in danger of being forced away by quickly rising costs - 2004-02-18
Valerie Pryor, 35, relocated here from Florida in October with her 9-year-old daughter, Megan, to be close to family and friends.

Pryor is one of the many Waltham residents who are barely able to afford their rent or mortgage as housing prices continue to rise. As a result, middle-income families grudgingly scrape by or move away while the lowest-income families sometimes lose their home, move in with a relative and become a sub-family.
Read the full story at Daily News Tribune
 






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