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Manchester Appoints Senior Vice President of Finance  Manchester, Inc. is pleased to announce the appointment of James A. Worosz as the new Sr.read more...


Economists Say Recession Unlikely  Alan Greenspan and the Wall Street nosedive aside, economists think the probability of a U.S. recession this year is fairly low and the likelihood of one in China is even


El Paso home market hot  El Paso's home market is hot. El Paso's median home sales price rose 17 percent to $105,900 in the first four months of this year, the largest percentage increase in


50K FICO-based High LTV Home Equity Loan rates remain unchanged in the United States Monday  50K FICO-based High LTV Home Equity Loan rates remain unchanged in the United States Mondayvia


The Longest Mortgage (Kiplinger Magazine via Yahoo! Finance)   Describes a 50-year adjustable rate mortgage introduced by Statewide Bancorp.read more...


WVU to honor five for outstanding contributions to the University  A former dean and director of the West Virginia University Cooperative Extension Service, the retired director for interior planning for the U.S. Dept.via

May 11th, 2008

Fixed-rate mortgage regains the spotlight (Richmond Times-Dispatch)

Bottoms up! It’s time to swallow a heavy dose of risk realism when considering the U.S. home market. While it’s a given that home prices will continue to fall in most major markets in the immediate future, you have to defy the conventional wisdom on what will happen next. Start with the role of the adjustable-rate mortgage. In the past, they were leverage lollipops that tasted the lowest rates …

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