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Mortgage rates fall to 5.625% (BizJournals)  The prevailing home mortgage rate fell to 5.625 percent this week three of the top four local financial depository institutions cutting their rates an eighth, the Honolulu Board of Realtors


Merrill Lynch Launches New Commercial Mortgage Backed Securities Index (Business Wire via Yahoo! Finance)   Merrill Lynch & Co., Inc. today launched a new U.S. Commercial Mortgage Backed Securities Index series designed to tracked the performance of this growing, and increasingly important, asset class.read


Jewett Middle Academy Student Makes Her Way Through Pageants  LAKELAND -- Gold's Gym has been part of the Lakeland fitness arena for more than 10 years. And it's keeping step with the commercial development in the area by growing


Home-buying assistance needs boost, official says  Fast-rising housing prices have city and county leaders considering changes to a down payment assistance program that is supposed to help working class people buy their own homes.via


Appreciates Unions  To The Press: I retired this year, and I really appreciate the boiler/ maker union pension.read more...


Home Repairs that Payoff When Selling   Every smart home owner knows that making repairs before selling will improve the chances of selling at a higher sales price. via About Home Buying read more...

May 31st, 2005

Interested in Interest-Only?

My Foolish colleagues Selena Maranjian and Chris Mallon have written more than once to warn homebuyers about the perils of interest-only home mortgages.

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