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Mortgage News for Wednesday - March 16, 2005

More Mortgage News
• Mortgage applications on the rise
• Home loan tips to avoid being conned by home mortgage companies
• Home Appraisal 101 - What is Inside Your Appraisal?
• Thinking about mortgage refinancing, take advantage of lower mortgage rate
• Royal Bank's Sale of Centura `Inevitable', Analyst Says
• SCV likely to weather any real estate dip
• Can you afford the home you want?
• Economists: Housing Slump Could Dampen US Economy
• Inflation, interest-rate fear mute gains
• Analysts expect housing market to slow; some fear bursting `bubble'
Mortgage News
Mortgage applications on the rise - 2005-03-16
Mortgage applications for the latest week climbed 3.2 percent from a week ago, the Mortgage Bankers Association reported Wednesday.

The MBA said its market composite index touched 727.6 during the week ended March 11. Meanwhile, the purchase index rose 2.5 percent to 462.8 while the refinance index increased by 4.2 percent to 2,276.5.
Read the full story at Washington Times
 
Home loan tips to avoid being conned by home mortgage companies - 2005-03-16
When you obtained a home loan, you're number one goal should be to pay off that mortgage loan as quickly as possible. Obviously, you don't have any real equity in the house as long as you're just paying interest.

What you want to do is begin paying off this loan early. You can do that by sending extra money to the mortgage company, or by making your payments with greater frequency.
Read the full story at News Target
 






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