 |
Fast Mortgage - Mortgage News
Movers and shakers
December 5, 2005 Yolanda’s enters hall The Retailers Association of Massachusetts recently honored Yolanda’s in WALTHAM with the 2005 Hall of Fame award. The trade group gives the award to "legends" of the state’s retail industry, according to association president Jon Hurst. Yolanda’s, a bridal and fashion shop owned by Yolanda Cellucci, has been in business for more than 35 years. Bank distributes grants Infants and the elderly, nursing home residents, active teens and immigrant adults from Acton to Westborough are among the beneficiaries of grants this year from the Middlesex Savings Bank Foundation. At a recent reception, the NATICK-based bank’s foundation presented awards totaling $207,761 to 22 nonprofit groups across MetroWest. The grants range in size from $3,000 to $15,000. More information about the foundation can be found at www.middlesexbank.com. Campaign turns up heat Citizens Bank has launched a partnership with Citizens Energy Corp. and New England Cable News to help homeless shelters in Massachusetts pay their heating bills this winter. The campaign will assist more than 160 shelters. Organizations in the FRAMINGHAM and WALTHAM areas include Pathways Shelter, Esperanza, Harbinger House, SMOC Overflow Shelter, Meadow House/Bristol Lodge, Mary’s House, and Sandra’s Lodge & Hestia House Family Shelters. The bank’s foundation had pledged $75,000 to the effort and will collect donations at its branches through Jan. 31. A Friendly fund-raiser Wilbraham-based Friendly’s Ice Cream Corp. announced that it collected $127,690 for the American Red Cross Hurricane Relief Fund during a fund-raising drive in October. Hundreds of Friendly’s restaurants, including locations in METROWEST, earmarked 100 percent of their profits to the fund on Oct. 5, as part of the National Restaurant Association’s Dine for America day. Also, Friendly’s accepted disaster relief contributions from customers and employees over the past eight weeks.
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.
|