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Mortgage News for Monday - March 29, 2004

More Mortgage News
• Mortgage borrowing soars to £9bn in February
• ResMAE Opens Two New Mortgage Processing Centers in Illinois and California to Support Continuing Growth
• Pulte Homes Top-Ranked Homebuilder in BusinessWeek's List of 50 Best Performers
• Mortgage research firm will move to Jacksonville
• Some Homebuyers Giving Up Due to High Prices and Robust Bidding
• Housing inventory almost empty
• Mortgage Rates Hover Near Historic Lows
• No ceiling on Manhattan condo, coop prices
• Assembly GOP unveils housing rehab plan
• Mortgage Player Wholesale Lending Online Reports Fourth Quarter Earnings
• Fannie, Freddie uneasy about Senate overhaul bill
• Mortgage-Education.com to provide online education services to BilingualUniversity.com
• Bush Campaign Says Tax Relief Is the Key
• This Old Money Gusher
• WPFG adds mortgage partner
• Mortgage growth fuels talk of rate rise
• THDA unveiling new low interest mortgage requirements
• Lenders Offering Alternative Mortgage Options
• Three Southern Californians arrested in alleged $30 million mortgage fraud
• WPFG adds mortgage partner
• Del Mar Database Adds Industry Veterans to Enhance Product Offering; Executive-Level Additions Add More Than 45 Years of Mortgage
• A Budding Recovery for Multifamily
• Used-Home Prices Higher
• Homeownership Rates Still on the Increase
• Housing Activity
• Bubble trouble?
Mortgage News
Used-Home Prices Higher - 2004-03-29
Near-record low interest rates steadily boosted existing-home sales in February, causing record local prices to climb up even more, reports released Thursday show.

The existing-home sales data round out a raft of statistics for February that paint a picture of a robust housing market that has benefited from the fall in mortgage interest rates that occurred over the past months.
Read the full story at Builder Online
 
Homeownership Rates Still on the Increase - 2004-03-29
Last year highlighted the fifteenth straight year the homeownership rate in the United States has climbed or remained constant.

The decreased costs associated with homeownership have definitely played a significant role in the increase in homeownership rates. Interest rates, required points and fees, mortgage origination fees, and down payment requirements have all declined over the past several years.
Read the full story at Builder Online
 






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