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The Times-News Online: Twin Falls, ID  Judi Grimes has finally worked her way back home. The Jerome woman was a 17-year veteran of the Moore business-forms plant in Jerome when it closed in 2003, taking with


Official calls mortgage issue 'manageable' (Contra Costa Times)  The government is monitoring the distress in the subprime mortgage industry and believes the current situation is manageable, a Treasury Department official said Monday.read more...


Post Office Mural Part Of Public Art Effort  Jeremy Anderson resisted at first. She wasn't ready yet. Sure, she was in her 60s, but she wasn't that old, and she was still in good health. But still, her


Witnesses: Mortgage lenders abusing court system (USA Today)  Mortgage lenders are abusing the bankruptcy court system by pursuing unjustified foreclosures against struggling homeowners, piling on questionable fees and misstating the amounts owed, witnesses alleged at a congressional hearing


Grand List Rises 2.4%  The 2006 grand list of taxable property grew 2.43 percent, primarily due to continued construction of residential subdivisions, the town assessor reported Monday.Commentread more...


Bank's profit up 30% on widening margin  SHANGHAI: Shanghai Pudong Development Bank's first-half net profit rose by 30.83 per cent to 1.60 billion yuan , or 0.41 yuan per share, on the strength of a widening profit

February 28th, 2006

Short-term mortgage rates rise (CBC)

Rates on shorter-term mortgages at Royal Bank climbed on Tuesday as it boosted borrowing costs by as much as one-fifth of a percentage point. The bank ( TSX:RY ) raised its six-month open mortgage by 0.2 of a percentage point to 7.85 per cent, while a three-year closed mortgage now carries an interest rate of 6.2 per cent, up by 0.10 of a percentage point.

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