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Mortgage News for Wednesday - March 23, 2005

More Mortgage News
• Mortgage holders wasting thousands on life insurance
• U.S. mortgage rates climb Tuesday
• Existing home sales slip in Feb.
• New interest-only mortgage from Mortgage Intelligence gives home buyers freedom to make financial choices
• Shanghai banks withdraw tough mortgage rules
• Local mortgage rates rise to 6.01%
• Compare costs involved in obtaining a mortgage or a refinance mortgage
• More Real Estate Investors Believe in Magic in Inner City
• Racial divide persists in real estate
• Bush, Fox, Martin announce new initiative amid strains
Mortgage News
Racial divide persists in real estate - 2005-03-23
The racial divide in home ownership is still substantial, despite an overall growth in the national home-ownership rate, the University of Southern California Lusk Center for Real Estate reported today.

In the second quarter of 2004, the national home-ownership rate climbed to 69 percent, and that rate was 76 percent for non-Hispanic whites. The home-ownership rate for African Americans, though, was 50 percent, and it was 47 percent for Hispanics, according to the study, "Homeownership in the 1980s and 1990s: Aggregate Trends and Racial Gaps."
Read the full story at Inman.com
 
Bush, Fox, Martin announce new initiative amid strains - 2005-03-23
President Bush and the leaders of Canada and Mexico have unveiled new agreements on security and the economy. But they say more needs to be done.

Bush, Mexican President Vicente Fox and Canadian Prime Minister Paul Martin are convening in Waco at Baylor University. Then, they'll lunch at Bush's ranch in nearby Crawford.

The three men unveiled an agreement aimed at expanding North American cooperation to improve security and prosperity.
Read the full story at KCEN-TV
 






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