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Mortgage News for Sunday - March 13, 2005

More Mortgage News
• Biweekly mortgage: Gain with no pain
• Chain of events in the Brasota Mortgage Co. case
• Simple way to shrink debt: Pay down principal
• Reverse mortgage is an option for retirees
• Use caution when refinancing your home loan
• Bay Area's economy bruised but still strong
• Mortgage prepayment penalties can sting
• Escalating cost of materials drives up housing prices
Mortgage News
Use caution when refinancing your home loan - 2005-03-13
Homeowners eager to lower their mortgage interest rates are refinancing in record numbers, according to industry experts. While mortgage refinancing may save you perhaps hundreds of dollars off your existing mortgage, it is not for everyone. If you are considering refinancing, the Better Business Bureau suggests you shop around, compare prices and negotiate. But also move with caution when dealing with some lenders.
Read the full story at North Texas e-News
 
Bay Area's economy bruised but still strong - 2005-03-13
No regional economy has been harder hit since the Nasdaq crash -- which began five years ago on Friday -- than the Bay Area.

Almost any chart of Bay Area economic activity -- from apartment and office rents to employment to venture capital funding -- mimicks the mountainous shape of the Nasdaq index.
Read the full story at San Francisco Chronicle
 






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