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Mortgage News for Tuesday - February 22, 2005

More Mortgage News
• Mortgage Refinance Boom Over, Lenders Tempt Customers With Low Rates
• Freddie Mac Announces Tier One Mortgage Servicers for 2004.
• Reverse Mortgages by HUD Jump 109 Percent for 2004
• Long overdue – regulation of finance and mortgage brokers
• Mortgage refinancing boom
• Prices are up, interest rates may follow
• Fed's Rate Boosts Backfire by Stimulating Economy, Lending
• Experts say U.S. economy will slow, jobless rate will fall
• Pay Less When Remortgaging
• Paying off your mortgage the best investment
Mortgage News
Pay Less When Remortgaging - 2005-02-22
Remortgaging is a task that befalls many of us in our quest to reduce our expenses. We all know how worthwhile it can be - every 1% saved on the interest rate of a £100,000 repayment mortgage could equate to saving £1,000 each year, for example.

Additionally, with house prices having climbed so dramatically over the last few years, many of us have been forced to take out larger mortgages. Deposits are larger – so the 10% standard deposit we used to be able to afford is more likely to be 5% now, with many people even taking out 100% mortgages.
Read the full story at Motley Fool UK
 
Paying off your mortgage the best investment - 2005-02-22
Faced with education, expanding a career and the ever-challenging hurdle of buying a home, Wayne and Sharlene Ridgeway were late starters with registered retirement savings plans.

"My financial security is pretty much tied up in the RRSP and the house," Wayne said. "Paying down the mortgage is something I tend to suggest to most people. By all means do RRSPs for your financial security, but don't even look at other investments while you are still paying for your house."
Read the full story at Financial Post
 






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