The Mortgage Bankers Association (MBA) reports that the starter rate for the one year Adjustable Rate Mortgage (ARM) is now over 5% for the first time since early 2002. Click on graph for larger image. The above chart uses the month end rates as reported by the MBA. Interest rates bottomed in May/June 2003 and […]

I ask simply because of this statement: The weekend edition of the Wall Street Journal (subscription required) indicates that Senate Majority Leader Bill Frist appears to have a very good defense to suspicions about whether he traded on inside information in selling his HCA stock. Specifically, there is a paper trail showing he set his […]