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Mortgage News for Tuesday - March 22, 2005

More Mortgage News
• Clinic to help consumers thwart predatory mortgage lenders
• Interest rate losers and winners
• Buying the perfect vacation home
• Overnight real estate rates flat
• The 'housing bubble'
• Consumer Alert: Mortgage hype
• U.S. Economy not yet losing steam from fuel prices
• Rice Praises Growing Chinese Economy
• Fed Raises Interest Rate to 2.75 Percent
• Inexpensive real estate spurs growth along busy corridor
Mortgage News
Clinic to help consumers thwart predatory mortgage lenders - 2005-03-22
Hidden costs, huge fees, prepayment penalties and high-pressure sales tactics are some of the ways "predatory" mortgage lenders take advantage of desperate or unwitting homeowners.

Consumers can learn those and other signs of predatory mortgage loans to avoid being snookered during Consumer Finance Awareness Day set for 10 a.m. to 3 p.m. April 1 in the main lobby at the City County Building, Grant Street, Downtown.
Read the full story at Pittsburgh Post Gazette
 
Interest rate losers and winners - 2005-03-22
There are far more corporate losers than winners in a rising interest rate environment but if you look hard enough, there are a few companies that should benefit as interest rates go up.

For much of last year as the Federal Reserve increased its fed funds rate, mortgage rates stayed low, spurring more home mortgage refinancing and borrowing, and strong profits for lenders. That's finally started to change.
Read the full story at CNN International
 






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