U.S. mortgage refinancing drops as rates rise - 2005-03-02
Home loan mortgage refinancing activity slowed sharply last week after climbing steadily so far this year, as higher interest rates dampened demand, an industry trade group said on Wednesday.

The Mortgage Bankers Association's seasonally adjusted index of refinancing applications dropped 9.9 percent to 2281.1 in the week to Feb. 25, after rising for four straight weeks.
Read the full story at Reuters

Time to act in mortgage belt - 2005-03-02
Families in Victoria's mortgage belts are being urged to act now to deal with the mortgage rate rise.
Financial experts said borrowers should consider fixed-rate loans, clear their personal debts, or make extra repayments.

And while savers will rejoice at the prospect of higher returns on their investments, families will start cutting back on luxuries. Many home owners are expected to opt for a fixed rate to nail down thei
Read the full story at Melbourne Herald Sun