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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
Winter hasn't hindered metro home building - 2004-03-02
Although colder weather and fewer buyers usually make for a seasonal slowdown in home building activity during winter months, the Albuquerque metro region experienced a small month-to-month rise, by 3 percent, in its monthly building permit activity during the month of January 2004.

Residential brokers continue to give credit to low mortgage interest rates, in the 5 to 6 percent range, for keeping home building strong in the region and home builders busy.
Read the full story at New Mexico Business Weekly
 
Low mortgage rates keep plywood prices high - 2004-03-02
Well Howard, there’s a bit of truth to the Iraqi theory. But those in the know at Random Lengths, the highly- respected wood products journal in Eugene, say that there are other major reasons.

Random Lengths say Iraq was a contributing factor during the summer of 2003 when prices for plywood and oriented strand board skyrocketed, but the record prices were spurred by the record surge of 1.498 million housing starts brought on by low mortgage rates.
Read the full story at Medford Mail Tribune
 






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