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Mortgage News for Saturday - March 26, 2005

More Mortgage News
• Battling mortgage creditors on the home front
• BEHIND THE HOUSING BOOM
• Investors and home loan borrowers tread cautiously
• ID theft victims, officials call for more protection
• Military, show business give Military, show business give mortgage banker outlets for service
• Locking in your mortgage's rate
• More Bay Area residents priced out of housing market
• Bisbee currently a 'seller's market' for homes, local agents say
Mortgage News
More Bay Area residents priced out of housing market - 2005-03-26
Higher mortgage rates are pricing a growing number of residents out of the San Francisco Bay area's housing market - already one of the nation's least affordable.

As average 30-year mortgage rates touched 6 percent and continue to rise, fewer Bay Area residents are able to buy homes because they can't afford the higher monthly payments.

In the long term, however, the climbing rates could finally slow sales and price increases in the region's overheated real estate market, experts say.
Read the full story at SanLuisObispo.com
 
Bisbee currently a 'seller's market' for homes, local agents say - 2005-03-26
Home prices in Bisbee are climbing, local real estate agents are saying. Buyers wanting to purchase a home in Bisbee are likely to pay more than $100,000, said Rosalie Butler of Bisbee Realty.

The current market in Bisbee is pushing home prices up, Butler said. As of Friday afternoon, there were 52 homes up for sale. The listings are way down at this time of year, she said.
Read the full story at Sierra Vista Herald
 






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