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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
Bush, Buoyed by Economy, Iraq Election, May Reap Political Gain - 2005-02-14
An energized George W. Bush is back on the campaign trail. He has visited eight states over the last two weeks with his message of overhauling Social Security and staying the course in Iraq.

Bush's approval rating should climb as the public and investors gain confidence that the economy will add jobs, inflation will be contained, and the Federal Reserve will take measured steps to raise rates.
Read the full story at Bloomberg
 
Sales Data Fuels Case for Slowing Housing Market - 2005-02-14
January’s slowdown in home prices is being viewed by some economists as a sign of a weakening housing market, but realtors say that buyers are still getting into heated bidding wars.

Last month, the median price of an L.A. County home climbed 17 percent year-over-year to $414,000 – the smallest increase in nearly two years, according to DataQuick Information Systems.
Read the full story at Los Angeles Business Journal
 






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