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Mortgage News for Saturday - March 20, 2004

More Mortgage News
• Home boom boost prices
• South Florida second-home buyers fuel price hikes up the coast
• Low Rates Indicate Another Round of Mortgage Refinancing
• PlainsCapital expanding its bank operations to San Antonio
• Home improvement buffs take in latest trends
• Fence-sitters drive mortgage refinancing boom
• Refinance mortgage even with bad credit
• Green belt worried over plans for two million new houses
• The great house price bubble just keeps on expanding and expanding
• Masco puts house in order, analyst says
• Atypical mortgages: smaller payments, greater uncertainty
• Looking for tax deductions
• Mortgage 'Mr fix-it' wants cheap deals for all
• Purchasing a home for first time? Seminar in Clyde Tuesday
• Home Builders Seen Beating Predictions
• Companies Reshape Home-Selling Landscape
• Evictions reverse joy of Habitat
• BB&T slashes its 2004 profit forecast
• Post-purchase priorities
• County median home prices still climbing
• Triad legislators support law fighting predatory lending
• Builders weigh in on intelligent growth
Mortgage News
The great house price bubble just keeps on expanding and expanding - 2004-03-20
Month hree of the year of the widely forecasted Great House Price Slowdown and the boom is not just viable but accelerating.

So much, you might say, for economists’ predictions. The score so far is this. According to the Halifax, the country’s biggest mortgage lender, the year-on-year rise in house prices, far from slowing, accelerated last month to 17.8%. This compares with a rate of 16% in January and 15.4% in December.
Read the full story at Scotsman Business
 
Masco puts house in order, analyst says - 2004-03-20
Masco Corp., Taylor, Mich., builds and sells home improvement and manufacturing products such as faucets, kitchen and bath cabinets, architectural coatings and builders' hardware products to consumers and contractors through mass merchandisers, home centers, hardware stores, and other wholesale and retail outlets.

The biggest risk associated with this stock is the possibility that mortgage rates could spike up and choke off new home sales, Bolgert said.
Read the full story at Milwaukee Journal Sentinel
 






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