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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
Numbers suggest Meck home sales taking a hit - 2004-03-28
In the competition for sales of single-family homes, Mecklenburg County may be losing to neighboring counties and their promise of lower costs and better schools.

With mortgage rates lower than they've been in decades, the demand for new homes has not suffered. But buyers increasingly are finding surrounding counties more attractive, despite the prospect of a long commute to jobs in Charlotte.
Read the full story at Charlotte Business Journal
 
Buyers 'flip' over hot condo market - 2004-03-28
Beware of The Flip. That's the message from real estate experts as the local condominium market continues to heat up.

"If mortgage rates go up, flipping is going to be hard on the bottom-line market, and we could have a glut," warned Anthoney Casler, owner of Mortgage Cos. Complete in North Palm Beach. "That bubble could burst."
Read the full story at Palm Beach Post
 






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