Father O’Malley

Date December 1, 2007

Father O’Malley answers the phone.  "Hello, is this Father O’Malley?"
"It is!"
"This is the Tax Dept. Can you help us?"
"I can!"
"Do you know a Ted Houlihan?"
"I do!"
"Is he a member of your congregation?"
"He is!"
"Did he donate $10,000 to the church?"
"He will."

Fixed-Rate Mortgages Comprise Majority Of Refis In Third Quarter

Date December 1, 2007

More borrowers who refinanced during the third quarter replaced their 15-year fixed-rate mortgages with traditional 30-year, fixed-rate loans, and 85 percent of borrowers with a one-year adjustable rate mortgage loan who refinanced selected fixed-rate loans, according to a recent report from Freddie Mac.
"Mortgage rates on 30-year, fixed-rate conventional conforming loans became more favorable during the [...]