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30-year mortgage rates drop again
Added: 01/02/2004 Type: Summary Viewed: 671 time(s) [ Not Rated Yet ]

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Rates on 30-year mortgages fall to new low, 15-year stays at 4.73%, and the 1-year ARM inches up.

Thirty-year mortgage rates fell to a new low this week, the eighth time that has happened this year, as analysts said this trend should continue for some time to come.

full article:http://www.pcquote.com/stocks/news/cnnfnred.php?STORYURL=http%3A%2F%2Fmoney.cnn.com%2F2003%2F05%2F29%2Fpf%2Fyourhome%2Fq_weekly_rates%2Findex.htm

Transnational Financial Network, Inc. (TFN : Amex )http://www.transnational.com is a wholesale and retail mortgage banker that originates, funds and sells mortgage loans secured by one to four family residential properties. The Company is positioned with a strong sales and service department, and has built a foundation for growth and expansion based on the results in the markets of Northern California, Southern California and Phoenix, Arizona. The Company is currently licensed in 26 States but only operates in two. The Company has benefited from the unprecedented mortgage banking industry growth, resulting in a corporate return to profitability in its last 2 reported quarters. The improvement in the gross margin is due primarily to continued strong retail production growth.

This Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

CONTACT: Dawn Van Zant, ECON Investor Relations, Inc., 1-866-730-1152 dvanzant@investorideas.com

Sincerely,

Dawn Van Zant
ECON Investor Relations Inc.
Toll Free 800-665-0411
dvanzant@investorideas.com
www.investorideas.com

ECON Investor Relations Inc. is a privately owned corporate communications company specializing in investor relations and media relations for public companies. Our articles and columns should not be construed as investment advice. An investor's best course of action must be based on individual circumstances. This material is for personal use only. Nothing here should be construed as an offer or solicitation to buy or sell any products or securities.

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