U.S. 2003 home prices climb 8.4 percent-Freddie Mac - 2004-03-02
U.S. home prices jumped 8.4 percent last year, helped by historically low mortgage rates and confidence in an improving U.S. economy, mortgage finance company Freddie Mac said on Tuesday.

Prices rose 17.8 percent in the fourth quarter of 2003, the fastest pace in 26 years, Freddie Mac, the Number 2 buyer of mortgagees in the United States said in a statement.
Read the full story at Reuters

Greenspan may be up in Adjustable Rate Mortgagess, but they aren't for everyone - 2004-03-02
Federal Reserve Chairman Alan Greenspan doesn't endorse products — "Can you hear me now? I'm raising interest rates!" — but he got pretty darn close last week.

In a speech, the influential Fed chairman said many homeowners could have saved thousands of dollars over the past decade if they had financed their homes with adjustable-rate mortgages instead of traditional fixed-rate loans. He also suggested that consumers would benefit if lenders provided more alternatives to traditional fixed-rate mortgages.
Read the full story at USA Today