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Kinecta Federal Credit Union
January 24, 2005 Manhattan Beach-based Kinecta Federal Credit Union, formerly Hughes Aircraft Employees Federal Credit Union, has hired John Carson as senior vice president and chief financial officer. Previously, he was executive vice president and chief financial officer at USE Credit Union in San Diego. COPYRIGHT 2005 CBJ, L.P. COPYRIGHT 2005 Gale Group
What are people saying about mortgages today: Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March. Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week. Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.
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