Mortgage Giant Fannie Mae, NAHB Launch Partnership to Expand 'Workforce Housing - 2004-03-11
Fannie Mae, the nation's biggest source of financing for home mortgages, teamed with its partners
including the National Association of Home Builders, today to start a major "workforce housing" initiative that would help revitalize 1,000
communities across America by expanding the stock of affordable housing for working families.

A key goal is to ensure that teachers, police officers, firefighters and other public servants can afford to own or rent in the communities that depend on them.
Read the full story at PR Newswire

Fannie Economists See Fed Rate Increases Beginning This Fall - 2004-03-11
Economists David Berson and Orawin Velz said Thursday that "we don't expect the Fed to start tightening until this fall, with the federal funds rate finishing the year at 1.25% - only 25 basis points above current levels."

But they said in a new economic and mortgage market update that the Federal Reserve "is likely to tighten more quickly next year" as the output gap shrinks and the risks of inflation rise.
Read the full story at Dow Jones via Yahoo!