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Mortgage News for Sunday - February 8, 2004

More Mortgage News
• What to weigh when deciding to down the mortgage early
• Home opens door to savings
• Economy Canada-Optimism refuses to subside in housing
• What homeowners should be aware of at tax time
• Borrower's payoff will trigger tax bite
• Be wary of new property bubble, academics warn
• City warns residents against fake housing projects
• Helping teens keep financially fit
• HSBC to freeze mortgage loan rates
• Refinancing your mortgage? Fine, but time it well
• No quick mortgage fix in the mission to beat rate rises
• Real estate boom creates prosperity for homeowners
• Commonwealth Bank Profit Could Double on Funds Business
• Decent area housing at a premium
• Mortgage cash crunch hits
• Poor money management skills feed record bankruptcies
• Banks HSBC, RBS in talks to acquire GreenPoint
• Habitat condo gives new vitality to family
• Principal residence mortgages: Do you want points with that?
• Middle income no guarantee to home ownership
• Be an intelligent shopper when homes hit market
• Strong year for home production in Riverside County
Mortgage News
No quick mortgage fix in the mission to beat rate rises - 2004-02-08
Close to one million mortgage borrowers in Scotland have been given notice that the cost of their home loans is poised to rise inexorably over the coming year.

The decision by the Bank of England’s Monetary Policy Committee to raise base rates by 0.25%, up to 4%, will signal a wave of increases by mortgage lenders, as they push up the cost of their variable rates by the same amount. Borrowers on discounted rates are also set to face rises.
Read the full story at Sunday Herald
 
Real estate boom creates prosperity for homeowners - 2004-02-08
While big increases in the latest round of property assessments have angered county property owners, real estate brokers and mortgage planners are looking approvingly at the other side of the coin.

The high value of county real estate, coupled with low interest rates, are allowing homeowners to sell at big profits or refinance and use the money to pay down debt or to invest.
Read the full story at HometownAnnapolis.com
 






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