Clayton Homes to aid buyersClayton Homes hopes to spur sales with a Payment Protection Program for buyers of its manufactured homes through June. "If someone buys a home and then loses their job because of the economic downturn, we will make payments on their home for three months,” said Kevin Clayton, president and chief executive. If the payment includes homeowner’s insurance and property taxes, Clayton will pay those, too. Clayton sells through 21 manufactured housing retailers in Oklahoma, including Clayton Homes and Oakwood Homes.
Habitat project for dogs resetHabitat for Canines, planned for today, has been postponed because of wet weather. Central Oklahoma Habitat for Humanity will partner with the Oklahoma City Summer Classic Dog Shows on Habitat for Canines from 8:30 a.m. to 4 p.m. May 16 at Habitat’s Hope Crossing addition at NE 83 and Kelley Avenue. Some 150 volunteers will build 82 doghouses in one day for homeowners in Hope Crossing and other Habitat homeowners in the metro area. The Central Oklahoma Humane Society will have dogs available for adoption.
Borrowers lower rates by 20%Half of mortgage borrowers who refinanced their loan in the first quarter lowered their annual interest rate by at least 20 percent, according to Freddie Mac’s quarterly Refinance Report. The median ratio of new-to-old mortgage rates was 0.8, the lowest since the third quarter of 2003, and corresponds to a new interest rate that is about 1.25 percentage points below the old rate. In the fourth quarter of 2008 the ratio stood at 0.92, Freddie Mac reported. From Staff and Wire Reports