PNC Bank gives $20,000 to Keystone College

Representatives of PNC Bank presented a check in the amount of $20,000 to Keystone College, LaPlume. The funds mark the fourth of a five-year pledge totaling $100,000. The PNC Financial Services Group Inc. is one of the nation’s largest diversified financial services organizations providing consumer and business banking and specialized services for corporations and government entities. From left are Michael E. Dennen, senior vice president of PNC Bank, Healthcare/ Higher Education group; Edward G. Boehm Jr., president of Keystone College; and Peter J. Danchak, president of PNC Bank in Northeastern Pennsylvania.

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.