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Mortgage News for Wednesday - March 15, 2006

More Mortgage News
• U.S. home refinance mortgage activity falls
• Inflation fears drive up mortgage rates
• Mortgage Payments Lag in Katrina Zone
• U.S. Economy Expanding at Moderate Pace This Year
• Fed: U.S. economy staying strong
• Young developer bets millions on S. Fla.'s real estate boom
Mortgage News
Fed: U.S. economy staying strong - 2006-03-15
The economy is going into the spring season with decent momentum, helping to generate further employment opportunities and keep factories humming, the Federal Reserve declared Wednesday. General economic activity continued to expand into early March even as the housing market showed fresh signs of cooling after a robust, five-year stretch of record-high sales, the Fed declared in its beige book, a snapshot of business activity around the country.
Read the full story at USA Today
 
Young developer bets millions on S. Fla.'s real estate boom - 2006-03-15
A developer is disbursing a huge $46.5 million for the two-acre parking lot just west of Miami's Bank of America Tower at International Place. Even more surprising is he's never constructed a building before.
Jeremy Green, 32, is acquiring the parcel pinched between Southeast 2nd Street and the Metromover line for almost double the price paid less than two years ago.
Read the full story at Miami Herald
 






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