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Mortgage News for Sunday - February 27, 2005

More Mortgage News
• Mortgage brokers feeling the pinch
• Mortgage company owner to open bank
• Lender markups on mortgage fees can vary widely
• Mortgage applications decline as home buys hit 6-week low
• Second homes become reality
• Asian investors swelling in U.S.
• Rising Employment Boosts Growth Prospects: U.S. Economy Preview
• Guess what's top sector of area economy
Mortgage News
Rising Employment Boosts Growth Prospects: U.S. Economy Preview - 2005-02-27
Gains in payrolls probably accelerated this month, evidence that the U.S. largest economy is powering ahead, according to economists surveyed ahead of reports this week.

Employers probably added 225,000 workers to their payrolls in February, twice the average of the previous three months, according to the median forecasts in a Bloomberg News survey before the Labor Department's report March 4.
Read the full story at Bloomberg
 
Guess what's top sector of area economy - 2005-02-27
If you've ever wondered why Erie County's economy is having difficulties, try this little quiz:
Which segment of the economy generates the most personal income among residents in Erie County?

It's not the factories that for so long dominated the region's economic fortune. They're a close second.
No, what drives the Erie County economy today is its government, which pumped more than $3.83 billion into the pockets of local residents in 2003.
Read the full story at Buffalo News
 






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