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Mortgage News for Thursday - April 1, 2004

More Mortgage News
• Mortgage rates continue slow rise
• Feds to Mortgage Giant Fannie: Shut Up
• Nevada regulators target mortgage, insurance offenders
• State provides $2M for home buyers
• Mortgage Giant Freddie Mac Directors Re-Elected
• Hud Reform Proposal Stalls As Bureaucrats Regroup
• Mortgage giant Fannie Mae regulator identifies accounting concern
• U.K.'s Brown Question Time: Jobs, BOE, Mortgage Regulations
• Done deal: BofA, Fleet merger
• Housing developers descend on Brockton
• Closing-cost reform movement lives on
• Serial mortgage refinancers: Beware tax pitfalls on points
• Get Extra-Low Mortgage Rates
• Closing costs: highs, lows and averages
• Rate rise fails to stop the house price boom
• Free seminar to offer advice to renters on ways to buy a home
• Get Extra-Low Mortgage Rates
• Mortgage equity withdrawal at new record
• Homebuyers Surf Web For More Information
• Make your own mortgage closing-cost rules
• Statement by Richard F. Syron, Chairman & C.E.O. of Mortgage giant Freddie Mac
• Paramount Bank Appoints Bob Waun Private Mortgage Lending Vice-President
• Mortgage Companies Offer 'Energy-Efficient' Home Loans
• Homebuyers Enjoy Dip in Mortgage Interest Rates
Mortgage News
Get Extra-Low Mortgage Rates - 2004-04-01
With interest rates hovering at near rock-bottom levels, many homebuyers are being quite reasonable when they opt for fixed-rate mortgages. It's hard to argue with the security of locking in very low rates for up to 30 years.

They're not likely to go much lower, so why would you want to choose an adjustable-rate mortgage? Well, actually, there is a good reason to do so.
Read the full story at The Motley Fool via Yahoo! News
 
Closing costs: highs, lows and averages - 2004-04-01
Lenders, brokers and third-party mortgage originators impose all sorts of fees to borrowers. It's difficult for borrowers to know whether they're being overcharged.

To clarify things, Bankrate.com gathered closing-cost information in 50 states and the District of Columbia. Researchers found lenders that calculate good faith estimates on their Web sites. The researchers then collected good faith estimates from six lenders that do business in each state and the district, for a total of 306 good faith estimates.
Read the full story at Bankrate.com
 






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