PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Nov 14 9:30 AM EST

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To: barbara sperino who wrote (15108)	10/9/1998 3:52:00 PM
From: ColleenB	Read Replies (2) of 43774

Looks like PRWT is setting themselves up for a lot of business..with 37 states aboard for mortgage business.... Mortgage rates set new low this week By Michael D. Larson Average mortgage rates slid further Wednesday, with the 30-year fixed rate hitting a new low, according to the bankrate.com weekly survey of large institutions. The national average for the 30-year fixed rate dropped 0.13 percent to 6.46 percent, while the 15-year fell 0.15 percent to 6.13 percent and the 1-year adjustable rate slumped 0.06 percent to 5.48 percent. Recent events point to the potential for things to get ugly fast in parts of the mortgage industry. Global market turmoil has investors running scared. Those who once bought securities comprised of commercial mortgages and high-risk home equity loans, because they offered higher returns than Treasury bonds, are putting their money in more stable investments.

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