ARM an alternative to fixed-rate mortgage - 2004-03-10
When Meredith Klein purchased her first home earlier this month, she decided against a traditional fixed-rate mortgage.

Instead, she chose to buy the three-bedroom colonial in Lynn, Mass., with an adjustable-rate mortgage, or ARM. Her interest rate of 4.375 percent is locked in for five years, but will rise or fall with the market after that.
Read the full story at Seattle Post Intelligencer

U.S. mortgage refinancings climb - 2004-03-10
U.S. applications for mortgage loans increased last week as mortgage rates decreased and economists expect new lows in borrowing costs to generate more requests for loans to refinance mortgages and buy homes in coming weeks.

The Mortgage Bankers Association said its market index, a measure of weekly mortgage activity, rose 1.2 percent to 889.1 in the week ended March 5.
Read the full story at MSNBC