BIA: 2003 new-home sales decrease 7 percent - 2004-02-09
New-home builders in the Sacramento area sold 675 less homes in 2003 than they did the year before, but last month's sales displayed a resurgence back to 2002 numbers.

Thirty-year fixed-rate mortgages averaged 5.72 percent for the week ending Feb. 5, up from 5.68 percent the week before. Last year at this time, it was 5.88 percent.
Read the full story at Sacramento Business Journal

MBA Presents to SEC, Wants Member Involvement on Accounting for Interest Rate Lock Loan Commitments - 2004-02-09
MBA continues to work to make sure that a controversial proposed Securities and Exchange Commission Staff Accounting Bulletin (SAB) on accounting for interest rate lock commitments (IRLCs) is not released.

MBA encourages mortgage lenders to register their concerns about the SAB by writing Donald. Nicolaisen, The SEC's chief accountant, directly.
Read the full story at Mortgage Bankers Association