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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
Home purchasing in Aspen can be tricky for some - 2004-03-07
In the nation's second-highest priced real estate market, where many buyers disbursed millions in cash for vacation palaces, working folks play a high-risk game even to buy a home.

Some Aspen-area households divert more than half their income to cover million-dollar mortgages. Community leaders moonlight as waiters to pay home-improvement loans.
Read the full story at Denver Post
 
Counselors: Be cautios about home equity - 2004-03-07
Homes have become the new source of cash. Owners have refinanced in record numbers, pulling out cash to remodel, pay bills or just splurge.

Home equity loans and lines of credit are also a popular option. Wells Fargo now promotes a combination mortgage and home equity line of credit.
Read the full story at Denver Post
 






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