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Mortgage News for Thursday - March 25, 2004

More Mortgage News
• U.S. Economy: Corporate Profits Jumped in 4th Qtr; GDP Up 4.1%
• U.S. February Home Resales Climb to 6.12 Million Rate
• U.S. 30-Year Mortgage Rates Move Higher
• Mortgage delinquencies lower
• Homes sales and prices still strong in South Florida
• Median Price of a Home in California Jumped 20.7 Percent in February
• S. Fla. home sales, prices continue rise
• Record low for adjustable mortgages
• Cincinnati home sales hit record, while N. Ky. shows decrease
• Mortgage Giant Freddie Mac "neutral weight"
• Homes at risk if prices drop, mortgage rates up
• How to acquire a second home
• Should you use home equity to purchase a second home?
• ING DIRECT decreases mortgage rates again
• Illinois Home Sales Keep Steady in February
• Annaly Mortgage Management lowered to "hold"
• The American Dream needs mortgage reform
• Federal 'Zero Down' Mortgage Bill Is a Difficult Sell for Some
• Assistance for First Time Homebuyers
• FHA Mortgage Penalty Draws Flak
• Minorities Increasingly Use Subprime Mortgages
• Housing slowdown? Nope
• GHR Systems Hires Fiserv Executive to Lead Sales for Mortgage Automation Solutions Division
• U. Enhanced Mortgage Program expands boundaries
Mortgage News
U.S. 30-Year Mortgage Rates Move Higher - 2004-03-25
U.S. 30-year fixed mortgage rates edged up in the latest week, but more homebuyers are expected to hop on the torrid housing market amid near record low rates, mortgage finance company Freddie Mac indicated on Thursday.

Freddie Mac said U.S. 30-year mortgage rates averaged 5.40 percent, up from 5.38 percent a week ago. Fifteen-year mortgages edged higher to 4.70 percent, up from an average of 4.69 percent.
Read the full story at Reuters Asia
 
Mortgage delinquencies lower - 2004-03-25
The delinquency rate for mortgage loans on one- to four-unit residential properties in California dropped in the fourth quarter of 2003, while the percentage of mortgages in the foreclosure process also plummeted.

The delinquency rate for loans on one- to four-unit residential properties in California declined 13 basis points to 2.68 percent during the fourth quarter.
Read the full story at Sacramento Business Journal
 






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