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Mortgage News for Friday - March 25, 2005

More Mortgage News
• Home sellers fret as mortgage rates rise
• Special-Credit.com Enables Easy Mortgage Refinance
• IRS Clarifies Deductibility of Refinanced Mortgage Interest for AMT Taxpayers
• Mortgage lenders reach out to immigrants
• Paying on time in the real estate 'bubble'
• Long Island Bank to Refund Illegal Mortgage Fees
• Housing cool-down seen as mortgage rates rise
• Mortgage brokers offer 'elite' services
• Local Real Estate Agents Too Busy to Fret About Interest Rates
• Finding the Right Mortgage
Mortgage News
Local Real Estate Agents Too Busy to Fret About Interest Rates - 2005-03-25
Interest rates may be going up, but local real estate agents say they have no time to worry. They're too pre-occupied making sales and they don't think rates of 6 percent -- or even 7 percent -- will slow their business.

Rates on 30-year, fixed-rate mortgages this week climbed to 6.01 percent -- the highest since late July -- according to a weekly nationwide survey of mortgage rates by Freddie Mac, the mortgage giant. Last week, 30-year rates averaged 5.95 percent.
Read the full story at The Ledger
 
Finding the Right Mortgage - 2005-03-25
Homes put up for sale in the Northern Virginia market have been selling quickly for a few years now, making it difficult for potential buyers to find a new place to live.
For the lucky ones who make the winning bid on a home, one question looms large: how do I finance this major purchase?

Most look to mortgages to finance their homes, and with the wide variety of options available, the process of finding the right plan can be almost as tricky as finding the right home.
Read the full story at Potomac Almanac
 






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