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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
Homes sales and prices still strong in South Florida - 2004-03-25
Low interest rates boosted South Florida home sale volume and prices in February, the Florida Association of Realtors revealed Thursday. The median price in Broward and Miami-Dade counties was nearly even.

The national average mortgage rate in late February, for example, was 5.58 percent for a 30-year loan and 4.89 percent for a 15-year loan. That compares to an average 5.79 percent for a 30-year and 5.14 percent for a 15-year in February 2003, according to Freddie Mac.
Read the full story at Miami Herald
 
Median Price of a Home in California Jumped 20.7 Percent in February - 2004-03-25
The median price of an existing home in California in February jumped 20.7 percent and sales increased 3.9 percent versus the same period a year ago, the California Association
of REALTORS(R) (C.A.R.) reported today.

"While demand for housing gives no indication of slowing down, the inventory of homes for sale continues to decline," said C.A.R. President Ann
Pettijohn.
Read the full story at PR Newswire
 






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