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Mortgage News for Thursday - February 19, 2004

More Mortgage News
• Mortgage rates hit lowest levels in months
• The new math on tax deductions
• Decrease in number saving for a rainy day
• Home sales strongest since '89
• Faces In The News
• Thousands likely to be dealt worsening mortgage shortfall
• Who's afraid of a bad mortgage loan crisis?
• New year sees lower mortgage lending
• Mortgage Loan Index Higher for Week
• The Miami Herald Money Moments Column
• Schools Should Have Financial Education, Says U.K. Mortgage Lender
• LandAmerica 4th-quarter profit drops
• Housing prices higher: BMO
• Shoppers may force interest rate hike
• Mortgage lending cools off
• Rate of bankruptcies, foreclosures surges
• 'We can carry this deficit,' says Bush crew
• Leading Indicators Higher in January
• Mortgage Service Provider Basis100 has a new chief executive
• Stocks dragged down by housing report
• A checklist for prospective home buyers
• Read the fine print on 'for richer or poorer'
• Mortgage Giants Fannie, Freddie say met 2003 U.S. housing goals
• Home construction saw huge decline in January
• Affordable Residential Communities Inc. Finishes Initial Public Offering
• Business Bank of Nevada Goes Into Reno Market With the Opening of a Loan Production Office
• Pacific Life Insurance Co. Commercial Mortgage Servicer Rankings Reiterated
• RISING MORTGAGE DEBT MAY BE GOOD FOR BANKS, BUT WORRISOME FOR THE ECONOMY
Mortgage News
Housing prices higher: BMO - 2004-02-19
Average house prices in Canada climbed 11.1 per cent in the last quarter of 2003, but carrying costs remained in check thanks to low mortgage rates, Bank of Montreal economists said Thursday.

In the fourth quarter, the national average home price rose to $214,856 from $193,366 in the same period a year earlier.
Read the full story at Globe and Mail
 
Shoppers may force interest rate hike - 2004-02-19
The pound was on the up again today after news of a post- Christmas shopping stampede created speculation that interest rates might have to climb further and faster than previously thought.

That view was reinforced by figures from the British Bankers' Association showing the big High Street banks dished out £5.9bn worth of new mortgage loans in January, the biggest one-month increase since November 2001.
Read the full story at This Is Money
 






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