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Mortgage News for Thursday - February 5, 2004

More Mortgage News
• Lenders begin passing on base rate hikes
• Chicago FHLB 2003 income up 55 pct vs year ago
• U.S. mortgage bond spreads, prices lower
• What does the rate rise mean for your mortgage?
• BoE hiked interest rates by 25 bps to 4.0 pct
• Soaring house prices to bump up loan rates
• Wednesday evening East Bay Biz Buzz: 1-in-6 odds seen for house-price drop
• Spokane conglomerate Metropolitan Mortgage files for bankruptcy
• Mortgage Activity Decrease
• Cautious banks hinder flat purchasers
• Building boom goes on in December
• Washington Mutual to Close Columbus, Ohio, Service Center, 89 lose jobs
• Two Apartment Developments Set for Fayetteville, N.C., Area
• Douglas County, Kan., Home Sales Establish Record in 2003
• Home buyers, start your search engines
• Mortgage closure costly to Cowlitz Bank
• Mortgage Giant Fannie Mae terminates some loan support
• Portland No. 2 on 'risk index' for home prices
• RATE RISE AFFECTS MORTGAGES
• Fannie Mae provides investors mortgage details
• MBA Supports Introduction of FHA Zero-Down-Payment Legislation
• Wells Fargo Plans to Hire 400 Bankers, Financial and Home Mortgage Consultants
• How to look for a break with a broker
• MORTGAGE RATE RISE WILL COST FIRST TIME BUYERS £250 MORE A MONTH
• Canadian Demand for Homes Is Holding Up
• MBA and Federal Home Loan Bank Officials Convene at the CREF/Multifamily Housing Convention & Expo
Mortgage News
How to look for a break with a broker - 2004-02-05
The recent tussle between broker Mortgage Choice and the Commonwealth Bank over so-called "soft dollar" commissions adds to the many questions concerning the fast-growing mortgage-broking industry.

Brokers have revolutionised the home-loan market, now arranging one in four loans. For busy professionals without the time to do the legwork, a mortgage broker can be a godsend.
Read the full story at news.com.au
 
MORTGAGE RATE RISE WILL COST FIRST TIME BUYERS £250 MORE A MONTH - 2004-02-05
Commenting on the decision by the Bank of England to hike interest rates, Vince Cable MP, Liberal Democrat Shadow Chancellor, declared:

"People want to know that their homes are secure in uncertain times. This rate rise is going to cost an average first time buyer £250 extra a year on their mortgage.
Read the full story at Liberal Democrat Party
 






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