Is it time to give up your adjustable-rate loan? - MarketWatch

If your credit is strong, your mortgage is above water, and you have an adjustable rate mortgage, you have a very important decision to consider.  While fixed rates are still low, and all rates are poised to increase, it may be time to lock your rate instead of riding the yield curve as it shifts upward.

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C.A.R. releases "2009-2010 Survey of California Home Sellers"

What was the motivation for 67% of homesellers in California last year?  Ouch: According to a report by the California Association of Realtors, they could no longer afford their mortgages. - David

Selecting a Mortgage in the Post-Crisis Market - article by Jack Guttentag

The cost differential between adjustable-rate and fixed rate mortgages is greater than it once was. Affordability and expectations of time owning the property are key considerations in shopping for a mortgage. - David

Mortgage-Index Quirks Prove Costly - WSJ.com

When getting an adjustable rate mortgage, it MATTERS what index governs your rate adjustments.  This varies from lender to lender, so worth asking.  A good mortgage broker or lender will tell you before it's time to sign on the dotted line. - David

Mortgage-Index Quirks Prove Costly - WSJ.com

Week-to-week mortgage applications rise 14.3%: MBA - MarketWatch

Rates on fixed rate mortgages slightly DOWN, rates on adjustable rate mortgages slightly UP, number of mortgage applications UP, but about 70% of those are refinances (good time to be looking at that). - David

Week-to-week mortgage applications rise 14.3%: MBA - MarketWatch

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Payments Adjusting Soon?

See what real estate attorney Barry Ross has to say about options available to homeowners facing significant payment increases on adjustable rate mortgages. - David