Mortgage rates drop on job worries - 2004-03-11
Mortgage rates decreased sharply this week, with the one-year adjustable rate mortgage touching a record low, as a weaker-than-expected payroll report lowered the probability that the Federal Reserve will raise interest rates in the near future.

For the week ended March 11, the rate on 30-year fixed-rate mortgages averaged 5.41 percent, with an average 0.6 point payable up front, down from the previous week when it averaged 5.59 percent, according to mortgage finance firm Freddie Mac.
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U.S. mortgage delinquencies lower, foreclosures up - 2004-03-11
U.S. mortgage delinquencies plummeted in the 2003 fourth quarter, an indication that homeowners are making ends meet despite a tough job market, a U.S. mortgage industry trade group said on Thursday.

The Mortgage Bankers Association said the percentage of outstanding mortgages that were delinquent, on a seasonally adjusted basis, fell to 4.49 percent for the last three months of 2003, down from the third quarter's revised 4.65 percent.
Read the full story at Reuters