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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
Tampa, Fla.-Area Housing Boom Just Keeps Going and Going - 2004-03-26
Home sales in the Tampa Bay area exploded almost 30 percent last month, confounding but delighting local brokers and indicating that the red-hot housing market of recent years is far from over.

The average rate for a 30-year fixed-rate mortgage in February was 5.64 percent, compared with 5.84 percent a year ago.
Read the full story at Builder Online
 
Consumer Spending Grows by 0.2 Percent - 2004-03-26
Consumers, a key force shaping the economic recovery, were more subdued in February, increasing their spending by only 0.2 percent.

And, they say that tax refunds arriving in mailboxes during the spring and extra cash coming from home-mortgage refinancings may give consumers an incentive to spend more, juicing up economic growth.
Read the full story at Porterville Recorder
 






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