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Mortgage News for Friday - March 19, 2004

More Mortgage News
• Mortgage rates mostly lower; ARM hits another record low
• Hawaii mortgage rates ddecreases to 5% or less
• Rate Decrease Recharges Mortgage Refinancing
• Mortgage shortfall fears resurface
• To save cash, close on home near month's end
• Insurance firm fined over mortgage endowments
• Home prices climbing
• Home buying, selecting mortgages streamlined
• Hawaii Real Estate Enjoys Healthy Market
• Home sales explode in valley
• Condo connection
• Foreclosure postings highest since 1980s in Tarrant County, Texas
• Recovery: Are We There Yet?
• Fair Housing Law-Thirty-Five Years Later
• Housing market turns 'frenetic'
• Constructing a new home
• Workshop will cater to those looking to acquire their first home
• Legal Aid is attacking ‘predatory’ lenders
• Bank ace warns against interest rates 'shock therapy'
• Low mortgage rates builds business
• Retirees reverse mortgage finances
• Housing surge
• Coachella Valley home prices higher
• New restaurant is a family affair
Mortgage News
Housing market turns 'frenetic' - 2004-03-19
The Bay Area's explosive housing market kept on sizzling last month, with the median price of a home reaching within $1,000 of the all-time record and sales figures remaining strong.

Local real estate brokers used the terms "unbelievable" and "frenetic" to describe the housing market. They said there are not enough houses on the market to meet demand, mortgage rates are at historic lows and people see better economic times on the horizon.
Read the full story at The Argus
 
Constructing a new home - 2004-03-19
Housing for a Dixon family is the second project for Pulaski County Habitat for Humanity.

The house is going to be built by volunteers. It costs money to put those things together and we're going to ask the family to pay a mortgage every month, we'll make sure it's interest-free and try to help them get through the next 20 years.
Read the full story at The Richland Mirror and The Pulaski County Democrat
 






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