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Mortgage News for Tuesday - March 2, 2004

More Mortgage News
• U.S. 2003 home prices climb 8.4 percent-Freddie Mac
• Greenspan may be up in Adjustable Rate Mortgagess, but they aren't for everyone
• Shortcuts to Climbing the Mortgage Mountain
• Debt Ratings Service Bumps Up Salt Lake City-Based Mortgage Loan Firm
• BMO Bank of Montreal Cuts Mortgage Rates
• Howard County Looks at Higher Density Living as Open Land Becomes Less Available
• Kerry mortgage loan to campaign questioned
• Home resales, prices climbs to record levels
• Local builder partners with Charter One Mortgage
• CVAG’s mortgage assistance program endorsed by city
• Home ownership fairs ready for Saturday
• Mortgage Bank B&B chief moving on
• Winter hasn't hindered metro home building
• Low mortgage rates keep plywood prices high
• Habitat has tools, looking for families
• Area home prices lagging, report indicates
• US mortgage bond spreads narrower on stronger buying
• Home Price Drop Unlikely When Mortgage Rates Climb
• Mortgage Talk's mortgages of the week
• AMI explains FSA regulation to 'struggling' mortgage brokers
• BMO unveils mortgage for the self-employed
• Interest, real estate tax deductions assist owners
Mortgage News
BMO Bank of Montreal Cuts Mortgage Rates - 2004-03-02
BMO Bank of Montreal today declared it is changing its variable mortgage rates immediate on March 3, 2004. The new rates are:

Variable Rates: To: Change: 3 year open 4.000% -0.25% 6 year Below Prime 3.625% -0.25% 5 year Protected 3.900% -0.25%

The cap on the five-year protected variable rate mortgage is 5.80%.
Read the full story at Stockhouse Canada
 
Howard County Looks at Higher Density Living as Open Land Becomes Less Available - 2004-03-02
''The future for Howard County is going to be a huge switch toward higher density,'' revealed Department of Planning and Zoning research division director Jeff Bronow, commenting on its new annual Development System Monitoring Report.

A drop in supply of new homes and low mortgage rates, which put more buyers on the market, pushed up the median price for single-family homes by 13.9 percent to $396,600 and for townhouses by 10.9 percent to $203,300.
Read the full story at Smart Growth Online
 






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