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Mortgage News for Thursday - February 26, 2004

More Mortgage News
• 30-year mortgage rates calm, others mixed
• House prices climb 3% in February
• Are banks ripping us off?
• Mortgage bank Abbey declares £686m pre-tax loss
• Mortgage Index Higher Again
• Mortgage giants Fannie's and Freddie's Big Fight
• Nevada Impose Fines on Two Mortgage Lenders
• A Mortgage Subprime Lender's Ascent
• NAB under scrutiny over audit
• Analysts Upbeat about Memphis, Tenn.'s Commercial Real-Estate Market
• Weekly survey: Mortgage rates unchanged
• Evaluating a LIBOR-based, interest-only mortgage
• Taxpayers' Mortgage Fannies on the line
• Mortgage round-trip: Timing a home sale, home purchase
• Acting PM supports development of mortgage lending
• Mortgage giants Fannie, Freddie assure senators collapse unlikely
• Borrowers snubbing credit cards, opting for mortgage equity withdrawal
• Toll Brothers register 10 percent profit increase
• Mortgage bank HBOS' success can be a yawn
• Columbia Bancorp enters Portland market
• Mortgage scheme preys on struggling homeowners
• HUD Nominee Jackson On Hot Seat In Senate On RESPA Rule
• American Mortgage Network opens Orlando office
• Action to lower mortgage interest payments
Mortgage News
30-year mortgage rates calm, others mixed - 2004-02-26
Rates on benchmark 30-year mortgages kept steady at a seven-month low this week, while rates for other types of mortgages were mixed.

The average rate on 30-year, fixed-rate mortgages was 5.58 percent, unchanged from the previous week, which had marked the lowest rate since 5.52 percent for the week ending July 11, Freddie Mac, the mortgage giant, reported Thursday in its weekly nationwide survey of mortgage rates.
Read the full story at San Francisco Chronicle
 
House prices climb 3% in February - 2004-02-26
UK house prices increased during February at their quickest rate in almost two years, said the Nationwide.

The building society's findings show the property boom is not over, and will cause worry at the Bank of England, which recently raised interest rates.

The mortgage lender said house prices rose by 3.1% during the month, a rise of 17.1% over the past 12 months.
Read the full story at BBC
 






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