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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
Procrastination could pay off those for mortgage refinancing, investing in stock - 2004-03-28
Lower interest rates and retreating stock prices are providing procrastinators another chance on two financial fronts.

If you gave up on the idea of refinancing your mortgage when interest rates were rising, that turns out not to have been such a bad move. Now that rates have fallen again, you can save even more. Rates on 30-year mortgages now average 5.4 percent, while those on 15-year mortgages average 4.7 percent.
Read the full story at St. Petersburg Times
 
Met Mortgage investors face IRA headaches - 2004-03-28
Ever since Metropolitan Mortgage & Securities, the Spokane-based financial conglomerate, and sister company Summit Securities opted for bankruptcy protection in early February, the thousands of people throughout the Northwest who bought their securities have been unable to get at their money.

Now, with tax deadlines looming, many of Metropolitan's predominantly elderly investors have a new worry: the Internal Revenue Service.
Read the full story at Seattle Times
 






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