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Mortgage Rates Edge Up Amid Bank Shakeup In 1990s
Industry digest reports thirty-year fixed mortgages at 8.62 percent, up from 8.53, with the 25-year low reached in October 1993. One-year ARMs at 6.50 percent, fifteen-year loans at 8.24 percent. PNC to acquire 84 Chemical Bank branches in New Jersey for 504 million dollars, expanding reach and assets. Southwestern Bell launches Visa card in Oklahoma and surrounding states offering 5 percent phone-bill rewards, 1 percent on other purchases, and 1 percent balance transfers. IRS scam warnings rise in Bradenton, advising cashless payments and caution against impersonators targeting prize winnings.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Lear
Pittsburgh
PNC Bank Corp
New Jersey
Chemical Banking Corp
Chemical
New York
Princeton
PNC
Pennsylvania
Tulsa
Okla
Southwestern Bell Telephone Co
Southwestern Bell
Richard C. Dietz
de Ceca
Bell
Oklahoma
Visa
Topeka
Kan
Missouri
Texas
Kansas
Arkansas
Bradenton
Fla
Internal Revenue Service
IRS
John Schnellmann
Fort Lauderdale
Treasury