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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
Can you afford the home you want? - 2005-03-16
If you're thinking of purchasing a new home, you're in luck, because you can still take advantage of record-low mortgage rates. What does that mean for you? Simply put, you can afford more in a house.

Lower interest rates allow you to buy a larger home that you otherwise might not be able to afford. So, today's housing market allows you to purchase additional space to accommodate you and your family - without breaking the bank.
Read the full story at Columbus This Week Newspapers
 
Economists: Housing Slump Could Dampen US Economy - 2005-03-16
The U.S. economy is in an upturn, and many analysts forecast a continued recovery. But economic forecasters in Los Angeles warn of storm clouds on the horizon. At a time of rising interest rates, they see worrying signs in the nation's booming housing market.

U.S. retail receipts are higher. So is factory production. Jobs are being created and the U.S. economy grew at a rate of nearly four percent last year.
Read the full story at Voice of America
 






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