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East Carolina University Announces Changes for Dental School

by Madeleine Tingen


The East Carolina University dental school recently announced two major changes that received final approval by UNC General Administration in May 2010. Located in Greenville, North Carolina, the dental school now will be entitled the East Carolina University School of Dental Medicine.  This name reflects the dental profession’s recognition that dental health and oral health are an essential part of one’s overall health, rather than a separate ancillary discipline. The other change is that graduates of the ECU School of Dental Medicine will be awarded the DMD (Doctor of Dental Medicine) degree.  This is the degree awarded by the vast majority of dental schools that have opened since the 1960s, and is used for the same reason for having Dental Medicine in a school or college’s title.

The D.M.D. and D.D.S. degrees are considered equivalent--offering the same education and accreditation standards, as well as requiring the same licensure examinations.  Both degrees are recognized by all national and state dental associations and state and specialty boards. The scope of practice allowed by law is also the same for both degrees.  Throughout the United States, the state of North Carolina, and the city of Greenville, there are dentists with both degrees.

For more information regarding East Carolina University or real estate in Greenville, NC and the Pitt County area, please contact The Pistol Tingen Team at (252) 321-6161.

Mortgage Rates Reach Lowest Level of 2010

by Madeleine Tingen

Today Freddie Mac released the results of its Primary Mortgage Market Survey® in which the 30-year fixed-rate mortgage (FRM) averaged 4.93 percent with an average 0.7 point for the week ending May 13, 2010, down from last week when it averaged 5.00 percent. At this time last year, the 30-year FRM averaged 4.86 percent. The 30-year FRM has not been lower since the week ending December 10, 2009, when it averaged 4.81 percent.

The 15-year FRM this week averaged 4.30 percent with an average 0.6 point, down from last week when it averaged 4.36 percent. One year ago at this time, the 15-year FRM averaged 4.52 percent. The 15-year FRM has not been lower since the week ending December 3, 2009 when it averaged 4.27 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.95 percent this week, with an average 0.6 point, down from last week when it averaged 3.97 percent. A year ago, the 5-year ARM averaged 4.82 percent. The 5-year ARM has not been lower since Freddie Mac started tracking the 5-year ARM in January of 2005.

The 1-year Treasury-indexed ARM averaged 4.02 percent this week with an average 0.6 point, down from last week when it averaged 4.07 percent. At this time last year, the 1-year ARM averaged 4.71 percent. The 1-year ARM has not been lower since the week ending November 4, 2004, when it averaged 4.00 percent.

Frank Nothaft, Freddie Mac vice president and chief economist, announced that interest rates on fixed-rate mortgage have declined for the 5th straight week.
The National Association of Realtors noted that the median house prices are recovering in more local areas in the latest quarter.

For the most current information on mortgage rates and real estate in the Pitt County/Greenville, NC area, please contact The Pistol Tingen Team at (252) 321-6161.

Fannie Mae announced April 27 the extension of its seller assistance incentive on all Fannie Mae-owned HomePath properties. Buyers will receive 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of selected appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on www.HomePath.com by June 30, 2010.

"We are happy with the results of the program, which has helped us to sell properties quickly, thereby stabilizing neighborhoods and property values," said Terry Edwards, Executive Vice President of Credit Portfolio Management.

Properties listed on www.HomePath.com are owned by Fannie Mae and include a wide selection of homes, including single-family homes, condominiums, and townhouses. HomePath properties may also be eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing, which offers prospective buyers an opportunity to purchase properties with as little as 3 percent down.

For information on Fannie Mae properties within the Greenville, NC and Pitt County area, please contact The Pistol Tingen Team at (252) 321-6161.

Displaying blog entries 1-3 of 3

BERKSHIRE HATHAWAY HomeServices Prime Properties,   Greenville, NC, 2625 Charles Blvd.

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