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August 29, 2006
Payments Rising? Refinancing Adjustable Rate Mortgage
The popularity of adjustable-rate mortgages means that nearly 25% of all outstanding U.S. mortgage debt is due for an interest-rate reset within the next two years, according to Economy.com, a Web site run by Moody's Corp. Some $400 billion in loans will get a new rate this year, and another $2 trillion are set to move in 2007. With rates on the rise, it is good idea to start weighing your options. Interest rates have gone up considerably during the past few months and now could be the time to lock in on a fixed-rate
From Payments Rising? Refinancing Adjustable Rate Mortgage
Posted by Tom at August 29, 2006 02:16 PM
