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Pacesetting Companies Jumpstart Montgomery United Fund For You

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Journal Review
By Doug Hunt
September 21, 2005

The Montgomery United Fund For You got a $163,853.86 headstart on its campaign that kicked off Tuesday.

The donations and pledges represented contributions by the pacesetters, businesses that started fund-raising campaigns ahead of time.

This year’s pacesetters were Bank One, National City Bank, California Pellet Mill, Cinergy Foundation, Crawfordsville Community Schools, Crawfordsville Park & Recreation Department, Crawfordsville Police Department, Etter Ford, Family Services Inc., Family Crisis Shelter, Farmers State Bank, Heritage Products, Jackson Hewitt, Johnson & Malott Insurance Inc., Lincoln Bank, Linden State Bank, Montgomery County Community Foundation, RR Donnelley, Sommer, South Montgomery Schools, St. Clare Medical Center, Temple Inland, Tipmont REMC, Union Federal Savings and Loan, Vectren and Wal-Mart Optical.

This year’s campaign goal is $527,000.

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.