10/1 ARM

Cheap Money! or “A Call to ARM’s?”

Jumbo Mortgages for 4.75% The Federal Reserve anticipates that very low interest rates will be needed for an extended period. –Fed Reserve Chairman Ben Bernanke Mortgage interest rates have been so low for so long (2 years?  5 years?) that it’s no longer perceived as “new news” — but actually, it is. Namely, jumbo mortgages (over...
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