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Mortgage News for Friday - February 27, 2004

More Mortgage News
• Freddie Mac Total Mortgage Portfolio Higher
• 30-year mortgage rates steady, others mixed
• Local mortgage rates drop; 1-year ARM below 3 percent
• Refinancings Stay in Play in Central Florida as Low Rates Continue
• ARMs can beat fixed-rate mortgages, but riskier
• Record debt but interest rates set to hold
• Now Is Historically One of the Best Times to Acquire a Home in Ogden, Utah
• Boom or bust for home market?
• Where to report ECOA violations
• Past transgressions and used transmissions
• New mortgage gloom at L&G
• Hit and miss for the big mortgage finance guns
• AmSouth places high in online customer satisfaction
• Hawaii mortgages at 5.25% for third week
• Sheriff to delay 559 mortgage foreclosure sales
• Mortgage Giant Freddie Mac: When Will Earns Be Released?
• US mortgage-backed bond prices stronger
• Mortgage growth tapers off in January
• Suncorp in record earnings spree
• Settlement comes from lawsuit alleging mortgage-loan fraud
Mortgage News
Now Is Historically One of the Best Times to Acquire a Home in Ogden, Utah - 2004-02-27
Home sales hovered near record levels locally and nationwide in January but slowed somewhat from the frenzied pace set in the latter half of 2003.

The average rate on a 30-year, conventional, fixed-rate mortgage was 5.71 percent in January, down from 5.88 in December and 5.92 a year ago, according to national mortgage company Freddie Mac.
Read the full story at Miami Herald
 
Boom or bust for home market? - 2004-02-27
Home buying, mortgages, and refinancing have been an important growth area in the U.S. economy during the last three years, but there has been growing concern over when the housing boom might hit its peak and perhaps go bust.

However, according to one recent survey, many consumers are still planning to buy homes, to take out home equity loans, or to refinance.
Read the full story at UPI
 






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