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Mortgage News for Sunday - March 7, 2004

More Mortgage News
• Why an expanding economy does not create new jobs
• U.S. economist forecasts global boom; weak dollar
• Data for mortgage borrowers: More might be less
• A new rule of thumb for mortgages
• Home purchasing in Aspen can be tricky for some
• Counselors: Be cautios about home equity
• Los Angeles County Housing Market Looks Difficult to Predict
• Hayhurst Mortgage assistant VP position filled
• Mortgage assistance available for first time home buyers
• Condos will now come within reach
• Money Matters: Using IRA for house may be costly
• Free credit report law behind
• As Americans accumulate more debt, fewer building nest egg
• Mortgage refinancing rebounds
• Adjustable-rate mortgages a gamble at today's low rate
• Consumer debt increase shocks' potency-economist
• Housing agency changes income rules for mortgage
• Expensive homes: Who lives there, anyway?
• Real Estate: The reliability factor
• Adjustable-rate mortgages usually best deal
Mortgage News
Why an expanding economy does not create new jobs - 2004-03-07
Call it the mystery of the missing jobs, a kind of economic whodunit. Over the past two months, the economy has created only 118,000 new positions - hardly enough to provide the growth that will keep the country on a roll in 2004.

With the fall election, that may mean the nation's central bank keeps rates low through the rest of the year, bringing another round of mortgage refinancing and help for the auto industry.
Read the full story at Christian Science Monitor
 
U.S. economist forecasts global boom; weak dollar - 2004-03-07
One of the top U.S. economist said he predicts a boom year in both the U.S. and global economies that likely will fuel a further advance in equity markets worldwide, but he added the U.S. dollar was likely to weaken further.

Fred Bergsten, director of the Institute for International Economics, told a panel in Kuwait City that the world economy will witness one of its strongest years in a decade and will continue to strengthen into 2005, possibly 2006.
Read the full story at Forbes
 






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