Mortgage rates edge higher - 2004-02-06
Mortgage rates around the country increased this week but are still lower than they were a year ago.

The average rate on 30-year mortgages increased to 5.72 percent, up from 5.68 percent last week, Freddie Mac, the mortgage giant, said Thursday in its weekly nationwide survey of mortgage rates.

Rates on 30-year mortgages have bounced around after sinking to a four-decade low of 5.21 percent in the middle of June.
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City working on drafting employee mortgage loan policy - 2004-02-06
After City Council discussion made it clear that members wouldn't okay a $100,000 second mortgage loan from general fund reserves to human resources director Karen Willis without a policy in place, City Manager Jim Flint took his proposal back.

Flint proposed the loan under a 1988 council-approved program to help recruit candidates for the most difficult-to-fill positions. At the request of the council, he will present a draft policy Feb. 17.
Read the full story at Contra Costa Times