Fed Aprroves Bank of America-FleetBoston Deal - 2004-03-08
The Federal Reserve has cleared the path for Bank of America and FleetBoston Financial Corp. to combine and form a banking titan with almost $1 trillion in assets, stretching from California through the South and up to New England. It will be the nation's third-largest bank.

The Fed noted in its order issued Monday that Bank of America recently affirmed its intention to complete its goal for mortgage lending to Hawaiians.
Read the full story at ABCNEWS.com

U.S. mortgage rates unchanged Monday - 2004-03-08
The average rate on a 30-year U.S. mortgage with no upfront points was the same on Monday, leaving the 30-year rate at 5-5/8 percent, according to BestInfo, Inc.

If the market on Tuesday continues in its current direction, rates may decline. The 30-year mortgage rate with one upfront point was unchanged at 5-3/8 percent.
Read the full story at Reuters