Adjustable rate mortgages lose their edge - 2005-03-06
Adjustable-rate mortgages aren't the steals they were just a few months ago. In May, an astute borrower could have grabbed a one-year adjustable that was nearly 2.5 percentage points cheaper than a fixed-rate mortgage.

The "spread" between adjustable and fixed rates was so huge that adjustables were a "no-brainer" for many buyers who would not have been able to qualify otherwise, said Irvine housing consultant John Bur
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Snow Says Oil Prices Create `Headwinds' for U.S. Economy - 2005-03-06
U.S. Treasury Secretary John Snow indicated that rising oil prices are creating ``headwinds'' for continued economic growth.

While the U.S. economy is ``so robust right now that we've blown right through'' the surge in crude oil over the past year, ``clearly these energy prices create headwinds,'' Snow said today on ABC's ``This Week'' program.
Read the full story at Bloomberg