People notes: HomeBanc promotes two at Rocky Pointe office

Fife-DeFreitas has been with HomeBanc since 2012 and previously held the position of assistant retail branch manager. Construction Tampa's HomeBancorp buys Bill Edwards' Mortgage Investors Corp. 5 Months Ago Mainstay Construction, Tampa, announces that Michael McCandless and Eric Meister are now owner/principals at firm. For the original version including any supplementary images or video, visit http://www.tampabay.com/news/business/workinglife/people-notes-homebanc-promotes-two-at-rocky-pointe-office/2127962





US Mortgage Rates Jump to 2-Year High





Mortgage rates are rising because they tend to track the yield on the 10-year Treasury note, a benchmark for most long-term interest rates. The 10-year yield began rising from near-record lows in May after speculation grew that the Fed might be closer to reducing its bond purchases. In early May, the average rate on a 30-year mortgage was 3.35 percent, just above the record low of 3.31 percent. But rates began to surge and stocks plunged after Fed Chairman Ben Bernanke made more explicit comments last week about the Fed's plans. For the original version including any supplementary images or video, visit http://abcnews.go.com/Business/wireStory/us-30-year-mortgage-rate-year-high-446-19506192?pt=BureoF4GVB?date=504507052012-08-05.html2012-08-05.html?vp=1