UMB Mortgage Services' Troy Bender Issues Statement Regarding Rising Mortgage Rates30-year fixed rate annual average. (Graphic:
April 13 2006 - 10:54AM
Business Wire
In reaction to recent reports on the rising rate environment for
30-year, fixed-rate mortgages, UMB Mortgage Lending President Troy
Bender releases the following perspective: "We believe the mortgage
rate environment will continue to be somewhat volatile
week-to-week, month-to-month. What consumers need to keep in mind
is the overall position of current mortgage rates when you look at
the past 30 years. And even though the market may witness a steady
increase in mortgage rates through the next few years, it is still
in a rate structure that is appealing to consumers looking to
purchase a home." Troy Bender President UMB Mortgage Lending To
reach Troy Bender, please contact Jeremy McNeive at 816-860-5088 or
Jeremy.mcneive@umb.com. UMB Financial Corporation (NASDAQ: UMBF) is
a multi-bank holding company headquartered in Kansas City, Mo.,
offering complete banking and related financial services to both
individual and business customers nationwide. Its banking
subsidiaries own and operate 141 banking centers throughout
Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and
Arizona. Subsidiaries of the holding company and the lead bank, UMB
Bank, n.a., include an investment services group based in
Milwaukee, Wisconsin, a trust management company in South Dakota,
and single-purpose companies that deal with brokerage services,
consulting services and insurance. UMB was named one of Business
Week's "Web Smart 50" companies in 2005.
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