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Mortgage News for Monday - February 14, 2005

More Mortgage News
• Hawaii mortgage business cooling fast
• Mortgage firm closing; 125 local workers to lose jobs
• Mix your loans to beat mortgage rate jitters
• Would you like a mortgage with that deposit?
• FBI raids mortgage-elimination promoter's operation
• Home equity boom: Rewards & Risks
• Bush, Buoyed by Economy, Iraq Election, May Reap Political Gain
• Sales Data Fuels Case for Slowing Housing Market
• Region joins housing bubble
• Illinois Home Sales Set Third Consecutive Record Year in 2004
Mortgage News
Mix your loans to beat mortgage rate jitters - 2005-02-14
Forecasting interest rates could become difficult this year, so homebuyers could benefit from choosing a “mix and match” mortgage.

If you think rates will climb, you may prefer the security of a fixed-rate deal, but if rates fall you could be better off opting for a discounted mortgage. Either way, you risk losing out if interest rates do the opposite.
Read the full story at Times Online
 
Would you like a mortgage with that deposit? - 2005-02-14
It was the sleepless filled nights that did her in. After two years as a service manager at a Wells Fargo Bank branch in Mound, Mary Murray grew accustomed to working 60-hour weeks coaching her sales force.

But a lack of available bank acquisitions, stagnant commercial loan demand and a decline in mortgage activity has banks trying to wring more profits out of their branches.
Read the full story at Minneapolis Star Tribune
 






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