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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
Home prices likely at top - 2004-03-26
Massachusetts home prices might finally be close to plateauing after years of significant gains, economists say.

Wheaton added that recent record-low mortgage rates can only prop up home prices for so long. ``Most economists have been forecasting a housing-market correction for some time, but it hasn't happened yet,'' he said.
Read the full story at Boston Herald
 
Homebuyers' heartache - 2004-03-26
It's not been a good week for real estate agents. A report accused them of charging too much, being reluctant to negociate over fees, providing a poor service, failing to pass on offers, hassling buyers to take out their mortgages and not declaring a personal interest in properties.

The Office of Fair Trading (OFT) spent nearly two years investigating complaints to produce the report, and overall the industry does not come out well.
Read the full story at This Is Money
 






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