In 1904 the Village of Owen incorporated, with 315 people. In 1906 the Owen Company started the Owen Box and Crating factory and the Woodland Hotel. In 1907 the Owens organized the State Bank of Owen, headed by J.G. Owen.
The Consumer Financial Protection Bureau estimated the typical interest rate for a manufactured home loan in 2012 at 6.79 percent. By contrast, the average 30-year fixed rate on a conventional mortgage that year was 3.6 to 4.2 percent, according to HSH.com, a publisher of loan information.
But rates are down more than a quarter of a percentage point from last month. Don't be lulled into a fall sense of security, though. Experts are saying that rates on mortgages are poised to move higher soon. That means it's best to shop for a mortgage now, even though mortgage rates are still historically low. The average interest rate on a conventional 30-year fixed-rate home loan is 3.95%, about a quarter of a percentage point higher than it was at this time last year. Remember, that's the average cost of financing a home. Savvy borrowers with decent credit can almost always pay a quarter to half of a point less.