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Mortgage News for Saturday - March 6, 2004

More Mortgage News
• CFO: Metropolitan Mortgage restructuring in jeopardy
• Markets Hold as Low-Interest Outlook Counter Jobs Report
• First-time homebuyers priced out in eight of 10 towns
• 'Puppies' team up to purchase homes
• AMP back in game, and Big Mac holds fire
• Retail Sales in Norfolk, Va., Area Break $10 Billion in Record-Setting 2003
• Right of rescission allows you to back out of a loan
• Be careful with home equity debt
• Appraisals help lender, but you pay for it
• NEW HOME BUYERS PRICED OUT
• Get a new home with no downpayment-PPEP meeting Wednesday
• City's home expo opens doors to public
• A hike in interest rates could pop housing market bubble
• Help for Vermont Home Buyers
• Hall of Shame inductee: Gregory Hiatt, Millennium Mortgage
• State orders local mortgage company to cease doing business
• Many indicate overlooking a deduction is their top tax worry
• Why Bad Credit People Pay Higher Rates
• WEST HOMES BEYOND AFFORDABLE
• Mortgage Broker Charcol unveils two-year discount
• West Roxbury two-family could help pay buyer's mortgage
• Mortgage Lending Division already showing its muscle
Mortgage News
A hike in interest rates could pop housing market bubble - 2004-03-06
A three-year home-buying wave has set the soaring U.S. housing market up for a probable fall.

Driven by the lowest mortgage rates since John F. Kennedy was president, people are buying more homes in a sluggish economy than they did during the late-1990s boom. Prices have risen faster over the last four years than at any time in the previous decade.
Read the full story at Bradenton Herald
 
Help for Vermont Home Buyers - 2004-03-06
More Vermonters could in short time become new homeowners. The Vermont Housing Finance Agency has announced changes in its eligibility requirements.

There still is the reality that many people can't afford the mortgage that matches that price, but we wanted to make sure as many home buyers had low rate options as possible.
Read the full story at WCAX TV3
 






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