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Mortgage News for Saturday - February 19, 2005

More Mortgage News
• Real estate agents court Hispanics
• Local builder gets 15 years for theft, mortgage forgery
• Spiraling real estate costs lead Vista to rework homeownership assistance program
• Credit scoring system's complexity makes it a mystery to many
• Risks cited as older boomers add more to mortgages
• Purchasing private mortgage insurance is no easy decision
• Mortgage refinancing needn't be intimidating
• Home loans remain cheap
Mortgage News
Mortgage refinancing needn't be intimidating - 2005-02-19
You may be one of those people who contemplated about refinancing your mortgage but never got around to it.

If so, your inaction has cost you -- probably dearly. Reducing the interest rate on a mortgage usually means substantial savings every month.

Mortgage rates remain relatively low, but many people are still sitting on the sidelines, seemingly oblivious to the potential savings.
Read the full story at South Bend Tribune
 
Home loans remain cheap - 2005-02-19
If you have excellent credit ratings, mortgage broker Ron Green could have gotten you a 5.125 percent, 30-year, fixed-rate mortgage on Friday.

Mortgage rates are near all-time lows at a time when the Federal Reserve Board is boosting its short-term discount rates and there are signs that the economy is improving.
Read the full story at Rocky Mountain News
 






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