Flight to euro mortgages can be journey fraught with danger - 2004-02-09
Borrowers this week dealt with a 0.25% rise in interest rates, and the prospect of them climbing to 4.5% or 4.75% by the end of the year, may be looking enviously to continental Europe.

The euribor bank rate used to set euro mortgages is currently at around 2.2%, making borrowing in euros 1.8% cheaper.
Read the full story at Glasgow Herald

CONGRESSMAN FORD, FREDDIE MAC INTRODUCE $25 MILLION EFFORT TO REVITALIZE MEMPHIS NEIGHBORHOODS, LIFT MINORITY HOMEOWNERSHIP - 2004-02-09
U.S. Representative Harold Ford, Jr. today joined Freddie Mac, United Housing, Inc., and Union Planters Bank to launch Catch the Dream Memphis—a comprehensive, $25 million effort to help more working families become homeowners.

At the same time, the new initiative will help more Memphis residents become homeowners by combining borrower outreach and counseling through UHI with flexible, low-downpayment mortgages that are especially crafted to help borrowers with imperfect credit and insufficient downpayment savings.
Read the full story at Freddie Mac