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Mortgage News for Wednesday - March 10, 2004

More Mortgage News
• ARM an alternative to fixed-rate mortgage
• U.S. mortgage refinancings climb
• January's snow blamed for decrease in home sales
• Consumers take chance with adjustable-rate mortgages
• Mortgage Endowment providers are target for MPs' ire
• Federal Home Loan Banks look for higher returns-study
• Low Rates Provide Boost to Mortgage Player
• Ex-deputy PM vows “normal” mortgage
• Mortgage lending rise boosts Widows Bank profits
• Study downplays housing shortage
• Get a Mortgage Before a Home
• Mortgage rates go back to last summer's lows
• Buy-to-let hits first-time buyers
• Co-op Bank gets assistance from its mortgages
• Racial disparity in mortgage lending
• Mortgage Interest Rates Drop Again to 45-Year Lows, Surprising Forecasters
• Mortgage Giant Fannie Mae, Financial Times clash over derivatives
• Free Opportunity in Mortgage Acceleration Industry
• Mortgage Industry Veterans Unveil Pipeline Risk Management Company
• Four brokers penalized by mortgage commissioner
• February home sales climb 21% over 2003
• Two-thirds of Canadians believe they will own their dream home
Mortgage News
Get a Mortgage Before a Home - 2004-03-10
It's good to shop for a mortgage before you even start house hunting. You'll have a leg up, knowing exactly what you can afford, and you'll come across to sellers as a serious buyer.

Don't let yourself feel intimidated by the process. Remember that lenders serve you, not the other way around. You'll be paying a lot in interest for many years, so you want to find a lender who'll serve you well and fairly.
Read the full story at Motley Fool
 
Mortgage rates go back to last summer's lows - 2004-03-10
Welcome to the beginning of another refinancing boom. Mortgage rates dropped about a fifth of a percentage point after the release of a disappointing jobs report for February.

As a result, rates dropped to their lowest point since last summer, when they were plumbing 46-year lows.
Read the full story at Bankrate.com
 






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