CD yields and Fed rate hikes The rate hikes have a big impact on short-term rates, but less on long-term rates.via
Mortgage rates skyrocket (Bankrate.com via Yahoo! Finance) Mortgage rates skyrocketed this week as Wall Street tried to discern the ever-shifting contours of the bailout.read more...
Police study, traffic project out to bid The town is advertising bid contracts for a police station feasibility study and a project to ease downtown traffic.read more...
Ohio billboard warns Amish of scam Geauga County, Ohio, officials have erected a billboard warning Amish people to "be skeptical of door-to-door mortgage salesmen." The Geauga Department of Community and Economic Development said the billboard ...via
Progress made on disputed bills Leading legislators have reached agreement on a handful of controversial bills, including proposals to strengthen the state's seat-belt law and require youngsters to wear a helmet when riding an ATV,
Mortgage Applications Ticked Up 2.8 Percent Last Week (Nasdaq) (RTTNews) - Industry data released on Wednesday showed that mortgage application volume edged up last week, ticking up nearly 3 percent due in part to an advance in refinancing activity.read
The prospect of rising interest rates has some mortgage brokers concerned that customers may be caught unprepared. After years of low rates, holders of variable-rate mortgages may not be ready for what looks to be a coming cycle of increasing interest rates, according to mortagage brokers.
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