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Mortgage News for Thursday - February 2, 2006

More Mortgage News
• Mortgage funds pledged to combat predatory lending
• Refinance Mortgage: The Fed is saying lock in low rates
• Fed's Bies warns on mortgage, real estate lending
• Real Estate Tremors
• Mortgage rates leap higher
• U.S. Economy: Worker Productivity Falls by Most in Five Years
Mortgage News
Mortgage funds pledged to combat predatory lending - 2006-02-02
The practice of predatory mortgage lending causes billions of dollars in home equity value to be wrongly removed from low-income and minority consumers each year, according to the Center for Responsible Lending. Consumer groups try furiously to draw attention to this problem.
Read the full story at Cherry Hill Courier Post
 
Refinance Mortgage: The Fed is saying lock in low rates - 2006-02-02
The fact that the Federal Reserve's Open Market Committee hiked short-term rates another quarter of a percentage point on Tuesday isn't, by itself, such a huge deal. However, the Fed's comment on more possible need for more rate hikes jangled investors' nerves. For those with an ARM loan, doing a refinance mortgage into a fixed rate home loan could become that more financially viable.
Read the full story at philly.com
 






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