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Mortgage News for Sunday - March 21, 2004

More Mortgage News
• Low rates fuel real estate bubble fears in U.S.
• Going mobile an option in pricey housing market
• Some mobile home owners feel stuck as higher rents hinder sales
• Home buying more difficult
• Great homes, less greenhouse gases
• S. Floridians pushing up cost of second homes
• Booming house prices turn off buyers
• Here's a plan of action for saving at age 50
Mortgage News
Booming house prices turn off buyers - 2004-03-21
Booming house prices are forcing a quarter of first-time buyers to wait six years more before getting on the property ladder, new research shows.

It revealed first-time buyers are getting older, taking out larger mortgages and increasingly relying on friends and family to help them pay for a home.
Read the full story at This is London
 
Here's a plan of action for saving at age 50 - 2004-03-21
Q: I am thinking of marrying a man. My biggest concern is his financial situation. He is 50 and in good health. He does not worry about money, as I do. How much money will he need to save for retirement between now and the time he is 65 or 67?

A: The largest single lever in his retirement (and yours) is shelter. Paying off mortgage debt is a concrete project; it's a lot easier to understand than building a portfolio of financial assets.
Read the full story at Seattle Times
 






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