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Mortgage News for Friday - January 20, 2006

More Mortgage News
• Tips to avoid mortgage financing scams
• U.S. mortgage and refinance mortgage rates easing
• Mixed signals on real estate
• Real Estate Roundup: What Slow Down? Industry Leaders Predict Cooler But Solid Market
• Home Staging is the hot trend in real estate
• U.S. Economy: Consumer Confidence Index Rises for Third Month
Mortgage News
Tips to avoid mortgage financing scams - 2006-01-20
As Americans enjoy record homeownership, some scam artists are attempting to take advantage of consumers through misleading advertising and unethical practices, including offering unnecessary financial products and services and charging excessive or hidden fees. In response, the National Association of Mortgage Brokers (NAMB) has been working to raise awareness of fraudulent mortgage lending practices for years.
Read the full story at Daily News Transcript
 
U.S. mortgage and refinance mortgage rates easing - 2006-01-20
The 30-year fixed-rate mortgage and refinance mortgage in the United States averaged 6.10 percent during the last seven days, a small drop from the previous week. Mortgage lender Freddie Mac revealed Thursday that the previous week`s figure was 6.15 percent while the year-earlier rate was 5.67 percent.
The outlook for the housing industry continues to be that mortgage rates will remain affordable for the rest of the year at least, keeping the industry active.
Read the full story at Monsters and Critics.com
 






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