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Mortgage News for Wednesday - March 9, 2005

More Mortgage News
• U.S. mortgage applications decrease last week-MBA
• Crown asks for 6½ to seven-year sentence in Eron Mortgage collapse scandal
• Geography plays key role in reverse mortgage loan limits
• Be wary of refinancing your mortgage
• Home ownership hits a high across North America
• Homeowners can get tax breaks on mortgage refinance
• The U.S. Economy Expanding with Little Inflation
• Microsoft's Bill Gates Says U.S. Economy Is `Very Strong'
• Margins shaved in home loan war
• Analyst peels back stormy real estate price cycles
Mortgage News
Margins shaved in home loan war - 2005-03-09
A mortgage loans war exploded yesterday, with three lenders lowering rates to grab the high-volume end of the market.

First local lenders Resi Mortgage Corp and Wizard Home Loans renewed their hostilities in their battle to provide the lowest home loan.

Global bank HSBC then released a new loyalty home loan program that rewards customers by cutting the interest rate at the end of the first and second years.
Read the full story at Melbourne Herald Sun
 
Analyst peels back stormy real estate price cycles - 2005-03-09
Coastal real estate markets, such as Los Angeles and Orange County, Calif., are home to the most intense dramatic real estate price fluctuations in the nation, while many inland markets are usually more stable and predictable, according to a study by First American Real Estate Solutions.

Market cycles typically last about eight to 14 years, based on historical data, Cagan said, with the most recent real estate pricing cycle peaking in about 1990-91.
Read the full story at Inman.com
 






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