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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
Oil's Rise Shows No Sign of Slowing - 2005-03-17
The price of oil surged to a record $56.46 a barrel Wednesday, raising fears that the U.S. economy could weaken as energy takes a bigger chunk out of business and consumer spending.

On a day when Wall Street and Washington were dominated by energy, the price surge bolstered prospects of oil at $60 — or even higher — and offered no relief for motorists paying near-record prices at gasoline pumps nationwide.
Read the full story at Los Angeles Times
 
Red-hot housing market may cool down soon - 2005-03-17
Politics may divide the nation, but when it comes to real estate, it seems that the market appears to look healthy everywhere across the United States. But for many analysts, the continuing rise of housing prices is no longer something to celebrate, but rather an issue that is making them increasingly anxious of a potential fall in the market.
Read the full story at Washington Times
 






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