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Mortgage News for Monday - January 3, 2005

More Mortgage News
• Developer to sell rentals in Allston as condos
• FHA increases mortgage limit for home buyers
• Online mortgage tycoon buys Cavs
• Mortgages Made Easier For Wisconsin's Illegal Immigrants
• Construction spending fell during November.
• Metro home sales boom may not last
• Energy-Savings Bar risingNew Home-Building Requirements Are Coming in 2005 for City, State
• California Survey Sees Shift in Home Financing
Mortgage News
Energy-Savings Bar risingNew Home-Building Requirements Are Coming in 2005 for City, State - 2005-01-03
New houses constructed in Omaha after Saturday will have to be more energy efficient and, after July 1, updated energy standards will extend statewide.

The study estimated mortgage hikes ranging from $109 to $271 a year and energy savings of $221 to $480 a year. First-year net savings ranged from $50 a year to $295, depending on the size and location of the house.
Read the full story at Builder Online
 
California Survey Sees Shift in Home Financing - 2005-01-03
Mortgage interest rates will climb by less than a point in 2005, but that's enough to bolster interest in newer forms of financing to lower monthly housing payments, the California Association of Mortgage Brokers predicts.

The association in its annual forecast reports that the majority of mortgage brokers it surveyed expect mortgage rates next year to reach no higher than 6.55 percent for 30-year mortgages.
Read the full story at Builder Online
 






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