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Mortgage News for Friday - March 26, 2004

More Mortgage News
• So Many Choices: Mortgages
• Mortgage rates energize February home sales
• Mortgage Industry Turns To IT For Faster, Cheaper Closings
• Hawaii mortgage rates 5% to 5 1/8%
• Broker sentenced for mortgage fraud
• Mortgage lending set to rise again
• Low Mortgage Rates Spark Rise in Denver-Area Home Sales
• Five Reasons To Get a Pre-Approval Letter For Mortgage
• Interest-Only Mortgages Create Interest Among Home Buyers
• Freddie Mac, Housing Authority of Fulton County Launch $40 Million Effort to Boost Minority, Affordable Homeownership
• New homeowners surprised by escrow
• Despite prices, home sales remain on record pace
• Home resales on the rise after mortgage rate drops
• Strong Real Estate Market in California Causes Bidding Wars
• Tampa, Fla.-Area Housing Boom Just Keeps Going and Going
• Consumer Spending Grows by 0.2 Percent
• 1-year Adjustable Rate Mortgage lowest on record
• Preparing for closing: Understanding the process
• Home prices likely at top
• Homebuyers' heartache
• County's home prices continue to climb
• Q4 US growth slows to 4.1%; jobless claims up
• Warning on mortgage loans to house buyers
• Bush woos Hispanics voters in New Mexico
Mortgage News
So Many Choices: Mortgages - 2004-03-26
Even at a time of record low mortgage rates, home ownership remains beyond reach for millions of Americans. But there could be solutions.

The cost of the average home in states across the country may seem overwhelming to many people, but new mortgage options — combined with record-low interest rates — are making it easier for many aspiring home owners to pursue their dream.
Read the full story at ABC News
 
Mortgage rates energize February home sales - 2004-03-26
Sales of new homes recovered in February, rising by a healthy 5.8%, the Commerce Department said Wednesday.

The increase -- the largest since June -- came after home sales declined by 1.1% in January as bad weather kept house hunters indoors.

Powered by low mortgage rates, home sales reached record highs in 2003 and are expected to be brisk this year as well.
Read the full story at Builder Online
 






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