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Residential market not showing signs of slowdown.

Publication: Mississippi Business Journal
Publication Date: 29-AUG-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Residential market not showing signs of slowdown.(Focus Real Estate)

Article Excerpt
People are wondering if the residential housing boom and refinancing market will last as interest rates fluctuate and riskier mortgage arrangements come into play. What will the coming months bring to the housing market in Mississippi?

"We'll continue to see minor fluctuations as we've experienced over the last year or so, but overall I don't anticipate any big swings in the next six to 12 months," says Joe W. McNeese HI, first vice president with Trustmark Bank in Jackson. "Interest rates are starting to edge up a bit, but it hasn't seemed to slow things down very much."

He says demand for mortgages continues to be strong with the bank's retail and wholesale mortgage offices. "Mortgage rates are still historically very low, and that is driving a very strong purchase...

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