The Federal Reserve again reduced interest rates recently, dropping the Federal Funds rate to 2% in an attempt to stimulate a slumping economy that is threatening recession. In what *appears* to be the final in a long string of rate cuts, the Fed hopes to spur economic growth by flushing money into the residential mortgage […]

It’s official - the world is ending. Just kidding, but financial reports have one executive after another echoing reports of a credit crunch, irresponsible lending, real estate bubbles, and other such fire and brimstone. Personally, I’m still not worried - I’m in it for the long-term and I have no ARMs resetting anytime soon…caveat - […]

Adjustable Rate Mortgages (ARMs) originating 3-5 years ago are starting to reach uncomfortable heights for homeowners in increasing numbers these days and many borrowers are not finding the market for a new mortgage as agreeable as they would like. While the mortgage business is slowing down a bit for lenders, homeowners can still receive low […]