Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Friday - January 14, 2005

More Mortgage News
• Mortgage Giants Said to Do Little for Buyers
• Feds Charge Four Jacksonville Men With Mortgage Fraud
• Subprime Lenders Discriminate, Study Concludes
• Surprise: A Time When A Low Mortgage Payment Isn't Good
• Most signs point to housing slowdown
• More Americans remodeling homes
• Property investors look to stock market as prices falter
• Leading Mexican Mortgage Co Plans 64% Loan Growth In 2005
• Xceed Mortgage Q4 profit rises 60.8% to $2.6M
• State Bank adds two mortgage offices in area
Mortgage News
Most signs point to housing slowdown - 2005-01-14
The brightest star of the nation's economic expansion during the last three years will start to fade in 2005, economists told builders and other members of the housing industry gathered here Thursday for their annual convention and trade show.

"Housing starts will decrease 3 percent to 4 percent this year," Seiders said. His forecast calls for 1.8 million housing starts in 2005, down from 1.9 million in 2004, thanks to rising mortgage interest rates.
Read the full story at Chicago Tribune
 
More Americans remodeling homes - 2005-01-14
More and more American families are remodeling their homes, revealed a Harvard University study.
Rising homeownership and higher-income households appear to be driving the trend.

The most asked for projects include work done on the kitchen, bath or room additions. Analysts predict continued growth in remodeling as mortgage rates remain low.
Read the full story at WIS
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER