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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 still hovering near rock-bottom levels, many homebuyers are being quite reasonable when they opt for fixed-rate mortgages. 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.

Think about this: How likely are you to stay in the home you're buying for 30 years? How likely are you to still be in the same dwelling in just five or 10 years?
Read the full story at Motley Fool
 
Mortgage equity withdrawal at new record - 2004-04-01
Mortgage equity withdrawal touched a new record of 16.2 billion pounds in the fourth quarter of last year compared with a revised estimate of 13.6 billion pounds in the third quarter, the Bank of England revealed.

That amounted to 8.3 percent of household disposable income, up from 7.0 percent. For the whole of 2003, UK mortgage equity withdrawal totalled 53 billion pounds -- roughly the size of Ireland's economy.
Read the full story at Reuters
 






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