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Mortgage News for Thursday - March 17, 2005

More Mortgage News
• US mortgage delinquencies, foreclosures down in '04
• Mortgage rates hit new seven-month high
• China tightens mortgage lending rules to help slow property boom
• Teaser mortgage rates near 0 percent
• Mortgage sales reps licenses proposed
• Buyer Beware Of Some Mortgage Offers
• A simple debt consolidation loan can save $$$
• Real estate speculation can be a risky investment
• Oil's Rise Shows No Sign of Slowing
• Red-hot housing market may cool down soon
Mortgage News
US mortgage delinquencies, foreclosures down in '04 - 2005-03-17
U.S. residential mortgage delinquencies and foreclosures nudged down in the fourth quarter of 2004 from the same quarter a year earlier, a mortgage industry group indicated on Thursday.

The mortgage delinquency rate was 4.23 percent at the end of the fourth quarter, 4.49 percent lower at the end of the fourth quarter of 2003 and down from 4.41 percent at the end of the third quarter, the Mortgage Bankers Association said.
Read the full story at Reuters
 
Mortgage rates hit new seven-month high - 2005-03-17
Rates on 30-year mortgages went up this week to their highest level in seven months, a trend that is expected to slow — but not stifle — the nation’s housing market.

Mortgage giant Freddie Mac, in its weekly survey of mortgage rates around the country, revealed Thursday that rates on 30-year, fixed-rate mortgages averaged 5.95 percent for the week ending March 17.
Read the full story at MSNBC
 






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