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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
Commonwealth Bank Profit Could Double on Funds Business - 2004-02-08
Commonwealth Bank of Australia, the nation's largest mortgage lender and biggest investment manager, could say first-half profit doubled as lending rose, fund-management earnings increased and costs were reined in.

Net income probably rose to a record A$1.25 billion ($968 million) in the six months to Dec. 31, from A$622 million a year earlier, according to a Bloomberg News survey of seven analysts.
Read the full story at Bloomberg
 
Decent area housing at a premium - 2004-02-08
Sylvia Montano and Ken Amparano think about getting a larger place to live every day.

Low mortgage interest rates increased home ownership in the San Gabriel Valley, following the national trend. Unfortunately, they also worsened housing affordability, according to a report released Thursday by the Southern California Association of Governments.
Read the full story at SGV Tribune
 






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