Illinois Home Sales Keep Steady in February - 2004-03-25
February existing single-family home sales increased slightly at 0.1 percent, while the statewide median home sale price kept steady, increasing less than one percent, compared to the same period one year ago.

This February higher energy costs and consumer worries over a lackluster job market impacted major purchases. Despite this, mortgage rates
remain at favorable levels with inflation remaining in check -- all contributing to a stable housing market and strong economic recovery.
Read the full story at PR Newswire

Annaly Mortgage Management lowered to "hold" - 2004-03-25
Analysts at WR Hambrecht lowered Annaly Mortgage Management from "buy" to "hold," while lowering their estimates for the company. The target price is set to $21.

In a research note published yesterday, the analysts mention that the company's prepayments in Q2 and Q3 are likely to increase due to an increase in refinance applications. The increase in prepayments would prevent the company’s share price from reaching the target price in the near term, the analysts believe.
Read the full story at New Ratings