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Andrew N

I just got my first mortgage a month ago; I was "greedy" and gone with the 5.05% ARM instead of the 4.9% fixed, seemed like a good idea especially since I expect rates to rise a little then fall again in early 2008 but now I'm not sure.. time will tell!


Great site Uncle Bill!

You hit a key point in regards to mortgage rates. A jump from 3% to 6% will make a larger monthly dent than say a jump from 12% to 15%.

Many ARMs tease you with a low rate, sometimes 1.5% to 3% only to jump in two-years.

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