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Mortgage News for Friday - March 18, 2005

More Mortgage News
• U.S. mortgage rates climb causing higher mortgage refinance activity
• Residential Mortgage Foreclosure and Delinquent Payments Decline
• Minorities depend on subprime loans
• Three accused in mortgage fraud ring worth $3.3 million
• Mortgage broker sentenced to 9 years for stealing
• Mortgage giant Fannie delays 2004 filing, may add to losses
• Secrets to buying real estate for 'nothing down'
• U.S. Economy: Consumer Sentiment Declines, Import Prices Rise
• Economy braces for interest-rate turmoil
• Dollar Rises Against Euro as Higher Interest Rates Boost Demand
Mortgage News
Secrets to buying real estate for 'nothing down' - 2005-03-18
There are varios ways to buy your next home for nothing down. But it takes knowledge to understand the secrets that mortgage lenders, home sellers and realty agents often are reluctant to reveal. However, you came to the right place.

There are two major reasons for buying a home with little or no cash. Presuming you are motivated to buy a house or condo, there are two primary reasons to buy your next residence for nothing down.
Read the full story at Mortage 101
 
U.S. Economy: Consumer Sentiment Declines, Import Prices Rise - 2005-03-18
U.S. consumer confidence unexpectedly dropped for a third month in March and import prices rose in February as oil surged and drove up the cost of gasoline.

``The economy appears to have began 2005 with more momentum than anticipated,'' said Drew Matus, senior economist at Lehman Brothers in New York, in a note to clients. ``But the growth kick is likely to be temporary. Activity should start to cool this summer.''
Read the full story at Bloomberg
 






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