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Mortgage News for Sunday - March 28, 2004

More Mortgage News
• Economists see 'booming economy'
• Mortgage giant fights legislation
• First home buyers feel pushed out of market
• Washington Mutual keeps expanding
• Numbers suggest Meck home sales taking a hit
• Buyers 'flip' over hot condo market
• Pent up demand pushes up housing prices
• Mortgage broker fight
• Bubble-bubble prediction wide of the mark
• Australian Building Approvals Probably Fell 3.8%
• Season for home repair scam
• Don't overdo finance cleanups
• Remodeling jobs wait as new-home construction siphons off builders
• Many jump into real estate jobs amid boom
• 10 ways to spend your tax refund
• R.I. attracting Bay State home buyers
• Reverse mortgage worth considering
• Fringe benefits
• Procrastination could pay off those for mortgage refinancing, investing in stock
• Met Mortgage investors face IRA headaches
• HUD reform proposal stalls as bureaucrats regroup
• Mortgage rates still low
Mortgage News
Economists see 'booming economy' - 2004-03-28
Employers soon will create jobs steadily as the economy continues to grow, say economists surveyed by USA TODAY.

In an optimistic outlook, the 56 economists also predict businesses and consumers will continue to spend more as the unemployment rate falls.

The economists said the average rate on a 30-year fixed mortgage would not rise above 6% until the fourth quarter. Last week's average rate was 5.4%, according to Freddie Mac.
Read the full story at USA Today
 
Mortgage giant fights legislation - 2004-03-28
The giant mortgage financing agency Fannie Mae late Sunday gave a signal to lawmakers it is going to fight proposed legislation changing its regulator.

The legislation creates a new independent regulator with broad powers to force Fannie Mae, Freddie Mac and the Federal Home Loan Bank system to adhere to restrictive policies amid fears their growth potentially threatens the entire financial system.
Read the full story at The Washington Times
 






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