Adjustable-rate mortgage features savings, but with risk - 2004-02-22
Interest rates are staying near historic lows. So if you're acquiring a home, you should lock in a good deal with a 30-year, fixed-rate mortgage, right? Advocates of adjustable-rate mortgages would argue otherwise.

Depending on your circumstances, their arguments could be worth considering - although adjustable mortgages can involve serious risks, primarily because their rates are guaranteed to rise in the years to come.
Read the full story at St. Petersburg Times

Kiwibank says no home mortgage loan for low earners - 2004-02-22
Low-income families dependent on welfare top-ups are being refused for home mortgage loans by the Government-owned Kiwibank, but welcomed at mainstream banks.

Dubbed "The People's Bank", Kiwibank is the only major lender that refuses to count income-tested payments such as family support, paid to tens of thousands of working families, when assessing how much they can afford to pay off a mortgage.
Read the full story at Marlborough Express