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Realtors: Buy Now

January 6, 2009

Despite the current economic crisis, mortgage rates have dropped significantly since the Federal Reserve recently unveiled a plan to buy up to $500 billion of mortgage securities backed by government-sponsored enterprises Fannie Mae , Freddie Mac and Ginnie Mae. “Any buyer that has decent credit, it’s a great time to buy,” said Denise Whipp, general manager of Coldwell Banker Phil Mathyer Real Estate in Warren. According to a report in The Wall Street Journal, since the initial announcement of the plan, 30-year fixed mortgage rates have fallen from above 6 percent to just above 5 percent. Freddie Mac’s weekly survey showed the rate averaged 5.10 percent for the week ending Dec. 31, down from 5.14 percent a week ago and 6.07 percent a year ago. In the same report, rates on 15-year fixed mortgages also fell, averaging 4.83 percent, and five-year Treasury-indexed hybrid adjustable rate mortgages averaged 5.57 percent. People are “still buying,” said Jim Cheronis, assistant manage

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Food service inspections announced

January 6, 2009

The City of Warren recently released restaurant and food service inspection results from December.

Inspections were completed and the following establishments have valid licenses until Dec. 31, 2009:

¯ McCulla’s Pub, 242

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Rolling Ålong At 50

January 6, 2009

When you walk through the door, you are greeted by friendly faces, sparkling lanes and bowlers cheering every strike.

It’s the same as it was 50 years ago when Riverside Lanes Bowling Alley opened its doors to the public in 1959.
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Local jobless rate climbs

January 6, 2009

The unemployment rate in Warren County increased slightly during November with losses in four job sectors.

The county’s jobless rate increased from 5.6 percent in October to 5.9 percent in November, according to the Pennsylvania Departme

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Don't drink before going into court

January 6, 2009

It doesn’t pay to drink and go to court.

A Warren County man received jail time last Friday after showing up to be sentenced on a simple assault charge and it was discovered he had alcohol in his system.

Philip H. Brown, 710 P

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First baby

January 6, 2009

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Local News Poll

Have you postponed large purchases you had planned because of the nation’s economic uncertainty?
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TCCS at WCCS
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Eisenhower at Sheffield
ecc/shef boys
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