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Mortgage News for Friday - February 6, 2004

More Mortgage News
• Fannie Mae CEO defends mortgage giant's role
• US mortgage-backeds stronger after Jan jobs data
• Mortgage rates edge higher
• City working on drafting employee mortgage loan policy
• Low-rate mortgage loans for highest paid staff needs to be evaluated
• Homes away from home country
• Mortgage Giants Fannie, Freddie to Lose Free Advances From Fed
• Metropolitan Mortgage bankruptcy filing angries investors
• Housing market continues trend of higher prices, strong growth
• Area mortgage rates down a bit
• A Profile of a Neighborhood Is Now Just a Click Away
• Onwards and upwards with mortgage rates
• Landlords Fire Back
• Housing Affordability Dips to 23 Percent in Los Angeles County, Calif.
• Seattle-Area Housing Market Continues Trend of Higher Prices, Strong Growth
• Consumers hit by bank"s interest rate decision
• Sector still safe as houses
• Experts expect another rate hike by spring
• US mortgage bond prepayments at a two-year lows
• Mortgage banking educator adds to offerings
• Palomar Enterprises, Inc. Starts Real Estate Acquisitions
• Conference Call On Freddie Mac’s Updated Economic Forecast and Review 2003 Cash Out Refinance
• S.D. housing as affordable as 'wine country'
• 83% of Americans with Medical Debt Say It Is Burdensome Enough to Stop them from Major Purchases
Mortgage News
Housing market continues trend of higher prices, strong growth - 2004-02-06
Neither snow nor ice nor post-holiday bills kept people from purchasing homes last month.

In January, 30-year fixed-rate mortgages fell from 5.85 percent to 5.68 percent, according to the Federal Home Loan Mortgage Corp.

If interest rates remain low and the economy continues to improve, more buyers are likely to buy this year.
Read the full story at Seattle Times
 
Area mortgage rates down a bit - 2004-02-06
Mortgage rates in metro Atlanta were a bit lower, based on a weekly survey by BankRate.com.

The average rate for a 30-year loan was 5.35 percent, down from 5.38 percent last week. A 15-year mortgage averaged 4.66 percent this week, down from 4.67 percent last week. But the one-year adjustable-rate rose to 3.11 percent from 3.09 percent last week.
Read the full story at Atlanta Journal And Constitution
 






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