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Mortgage News for Thursday - January 27, 2005

More Mortgage News
• U.S. fixed mortgage rates fall 4th week
• Panel: Mortgage rates could slow KC's building permits
• In-depth look at mortgage elimination schemes
• Mortgage Bankers Are Projecting Strong Economic Growth Through 2007
• Bad news: Mortgage industry heads for layoffs
• Thornburg Mortgage's Q4 and year-end earnings rise
• BBB uncovers alleged mortgage scam
• Reverse mortgages are becoming more popular with older Americans
• Wells Fargo launches 10-year adjustable-rate mortgage loan
• Mortgage Brokerage Company Owner Pleads Guilty in Flipping Scheme
Mortgage News
U.S. fixed mortgage rates fall 4th week - 2005-01-27
The rate on a 30-year loan was 5.66 percent, lower than last week's 5.67 percent.

Rates are barely changed from where they stood one year ago. The average then was 5.68 percent, said Freddie Mac, which has tracked mortgages since the 1970s.

The average for the 15-year fixed mortgage this week was 5.14 percent, down from 5.15 percent. A year ago, the 15-year mortgage averaged 4.97 percent.
Read the full story at CBS MarketWatch
 
Panel: Mortgage rates could slow KC's building permits - 2005-01-27
Higher mortgage rates could keep the Kansas City housing market from establishing a third consecutive record for single-family permits in 2005, a panel of experts said Thursday at the Home Builders Association of Greater Kansas City's annual forecast event.

Dan Whitney, a housing researcher, predicted a 4 percent drop in Kansas City's housing starts, less than the 7 percent national decline that's anticipated this year.
Read the full story at Kansas City Business Journal
 






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