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Mortgage News for Thursday - March 24, 2005

More Mortgage News
• Thirty-year mortgage touches highest level in eight monthsaffecting refinance mortgage
• Banks increase mortgage rate
• Bank refunding illegal mortgage fees to state residents
• Can't Be Sure of Credit Status When Refinancing Mortgage
• Home equity or mortgage refinance: Which is better for you?
• Oil price hike to hit home loan rate?
• Risks to Economy are Balanced -- In Name Only
• Real estate agents swarm the Web
• U.S. Economy: New Home Sales, Durables Orders Rose in February
• Is it time to rent now?
Mortgage News
Risks to Economy are Balanced -- In Name Only - 2005-03-24
While the whole financial community, from Washington to Wellington, was focused on whether the Federal Reserve would undo ``measured'' from its post-meeting statement, the Fed kept the word and shifted tenses.

Until this week's meeting, the Fed had described the risks to the U.S. economy strictly in the here and now. For about two years, policy makers have been saying they perceive ``the upside and downside risks to the attainment of both sustainable growth and price stability for the next few quarters to be roughly equal.''
Read the full story at Bloomberg
 
Real estate agents swarm the Web - 2005-03-24
Realtor Gena Gilbert's Internet spending, used to be just one-tenth of her print-ad spend, now takes up most of her real estate advertising budget. Five years ago, Gilbert spent about $4,000 annually on newspaper ads, with an additional $5,000 to $8,000 annual cost for Homes Magazine.

Now, the Morehead City, N.C., Realtor spends almost 10 times as much on Internet real estate advertising, dropping $12,000 to $15,000 annually online.
Read the full story at Inman.com
 






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