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Mortgage News for Sunday - February 22, 2004

More Mortgage News
• Lender provides free, unlimited views of credit scores
• Vaulting to No. 1, a Truism at a Time
• Banks, Latinos in Pennsylvania Build Mutual Interests
• Hope for renters with on-time payments
• Little interest in low mortgage rates: Why?
• Group works on multifamily project
• Paying down your mortgage with a home equity loan
• FAQ about trading equity for cash
• Understanding cash-out refinancing
• On Personal Finance | Enjoy economic paradox: Recovery, low loan rates
• Real estate agents arrested for bilking Hispanic customers
• The golden age of home acquisition
• Adjustable-rate mortgage features savings, but with risk
• Kiwibank says no home mortgage loan for low earners
• Albany hopes to assists first-time home buyer
• Moneywise: Matching risk and reward
• Mortgage foreclosures weigh on housing market
• With house their only asset witha mortgage, time to liquidate?
• Family loans a good way to avoid estate tax
• Realtor Judy Moore on real estate, housing prices in Mass.
• Realtor Judy Moore on real estate, housing prices in Mass.
• Bet on mortgage lenders to cash in with record profits
• BART ''Transit Village'' Features Spectacular New Homes at Incredibly Low Prices
• Bad debts to take sparkle off HBOS record £4bn profit
Mortgage News
Family loans a good way to avoid estate tax - 2004-02-22
You may be wondering , "Hey, the estate tax is diminishing. ... And even if it doesn't disappear completely, I'm not worth enough to care."

Currently, the rate, fixed for the life of the loan, would be 1.62 percent on a loan of three years or less, 3.44 percent on one of three to nine years, and 4.94 percent on one with a term over nine years. You can't beat those rates at a bank or mortgage company.
Read the full story at Lawrence Journal-World
 
Realtor Judy Moore on real estate, housing prices in Mass. - 2004-02-22
Massachusetts home sales established a record in 2003. But due partly to tight supply, historically low mortgage rates, and a belief during bear market years that a home can be a superior investment than the stock market, local housing prices remain sky-high.

The statewide average sales price for a single-family home last year was $376,360. High prices aren't just bad news for people attempting to buy a first home.
Read the full story at Boston Globe
 






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