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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
U.S. mortgage bond spreads, prices lower - 2004-02-05
U.S. mortgage-backed bond prices were slightly lower and spreads widened on selling by
investors and mortgage banks early on Thursday as investors anxiously awaited key employment and prepayment data.

The widening in spreads follows a considerable narrowing in the premium over Treasury yields on Monday and Tuesday and a slight widening on Wednesday. Dealings were relatively light on
Thursday.
Read the full story at Forbes
 
What does the rate rise mean for your mortgage? - 2004-02-05
Today's interest rate rise indicates the beginning of the end of Britain's borrowing party. There's no panic just yet, but, says Sandra Haurant, now is the time to snap up a good mortgage deal while they're still on the market

Alright, so we may have got a bit carried away. Everyone kept telling us borrowing had never been so cheap, so we all started spending like it was going out of fashion - and, boy, was it fun.
Read the full story at Guardian Unlimited
 






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