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Spitzer appeals blocking of mortgage probe  New York Attorney General Eliot Spitzer has asked a federal appeals court to overturn an October ruling that blocked him from investigating whether big banks are discriminating against minorities seeking


Homeownership rate falls  After climbing steadily for a decade, the nation's homeownership rate appears to have leveled off.read more...


Montgomery Ward building drew shoppers to Lewistown  Editor's note: This history of the Montgomery Ward Building was researched and written by Forest K. Fisher, second vice president of Mifflin County Historical Society.read more...


Fed chief is optimistic despite slump in housing  Federal Reserve Chairman Ben Bernanke reassured Congress on Wednesday that economic growth was on the upswing despite a housing slump worsened by the collapse of the market for high-risk subprime


USGBC Tackles Residential Remodeling with Guidelines   If you own a home, you're likely to have a remodeling story. The good, the bad, the never-quite finished. via Jetson Green read more...


Mortgage rates rise for second week, hit 6.22% (The Post-Standard)  Mortgage rates around the country rose for a second straight week, with 30-year mortgages hitting the highest level since late February. In its weekly survey, mortgage giant Freddie Mac reported

October 22nd, 2006

Understanding a LIBOR ARM

It’s an adjustable-rate mortgage using a different index, says Dr. Don.

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