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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
Kerry mortgage loan to campaign questioned - 2004-03-02
Sen. John Kerry was approached yesterday to make public all documents implicating the emergency $6.4 million mortgage loan he secured on his Boston town house late last year to finance his then-sagging presidential campaign.

At issue is the Mellon Bank's $12.8 million appraisal of Mr. Kerry's house on Boston's Beacon Hill — substantially higher than the city's $6.95 million property-value assessment.
Read the full story at Washington Times
 
Home resales, prices climbs to record levels - 2004-03-02
O'ahu’s hot real estate market shows no signs of slowing down. The number of single-family homes resold in February was the highest ever for that month, even though prices were at all-time highs and supply was at record lows.

Still, Mary Begier, board president, said low mortgage rates continue to help buyers with moderate incomes afford homes despite the rising prices.
Read the full story at Honolulu Advertiser
 






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