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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
Los Angeles County Housing Market Looks Difficult to Predict - 2004-03-07
Actions and reactions, or this economy we live in sometimes behaves in mysterious ways.

The action: At the beginning of last year real estate experts predict that mortgage rates, which averaged 5.96 percent in January, will have increased a bit by the same time this year. The reaction: This January they averaged 5.7 percent, according to the most current compilation from the California Association of Realtors.
Read the full story at Miami Herald
 
Hayhurst Mortgage assistant VP position filled - 2004-03-07
Hayhurst Mortgage revelaed the promotion of Adolfo R. Betancourt to assistant vice president and branch manager in its Miami Lakes office.

Betancourt was formerly a Mortgage Lending officer with Hayhurst and has five years of experience in real estate and mortgage lending. He was previously involved in management and export sales as vice president of Condor Communications, the largest distributor for Motorola two-way communications systems worldwide.
Read the full story at Miami Herald
 






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