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Mortgage News for Thursday - January 26, 2006

More Mortgage News
• Mortgage Group Predicts Continued Economic Growth for 2006
• Paying mortgage discount point: A primer
• U.S. 30-year mortgage and refinance mortgage rates inch up
• Avoid this mortgage trap
• US banks seek more mortgage proposal comment time
• Woods makes real estate splash
• Buoyant durable goods underpin U.S. economy
• Stalwart global economy in '06 predicted
Mortgage News
Mortgage Group Predicts Continued Economic Growth for 2006 - 2006-01-26
Economic growth is expected to stay robust at 3.5 percent this year, with moderate, below-trend growth of 3.3 percent for next year, predicted key players of The Mortgage Bankers Association. For industry specific forecasts, residential refinance loans will drop by approximately 40 percent this year, spurring refinance mortgage activity.
Read the full story at Commercial Property News
 
Paying mortgage discount point: A primer - 2006-01-26
Bob Walters is ready to put out cash to obtain an attractive mortgage interest rate. That's why he always pays discount points. He states that being in a mortgage for four to five years, it makes financial sense. As long as the borrower is in the mortgage beyond the break even point, he or she will save money.
Read the full story at Scripps Howard News Service
 






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