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Mortgage News for Tuesday - January 17, 2006

More Mortgage News
• Refinance Mortgage: Home renovations ebb as rates climb
• Wells Fargo profit up 8 percent amid weakening mortgage demand
• Home investors, flippers may fade away
• Report: Bay Area home prices likely to fall
• U.S. Economy: Industrial Output Rises for Third Month
• California real estate loan risk levels increase
Mortgage News
Home investors, flippers may fade away - 2006-01-17
The decade's hot demand for homes as investments may soon be watered down, popping inflated house prices and choking consumer spending, housing analysts and industry executives declare. An increase in short-term interest rates to match long-term rates will thwart many second home buyers who usually resorted to adjustable-rate mortgages for savings or affordability.
Read the full story at Standard-Speaker
 
Report: Bay Area home prices likely to fall - 2006-01-17
Oakland, San Jose and San Francisco are some of the 11 housing markets in the United States with a greater than 50 percent chance of seeing price declines, according to a report released Tuesday by PMI Mortgage Insurance Co. The other eight markets are San Diego, Santa Ana, Boston, Mass.; Long Island, N.Y.; Sacramento; Riverside; Providence, R.I. and Los Angeles.
Read the full story at San Jose Business Journal
 






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