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Wednesday, October 11, 2006

Are you worried about your ARM mortgage?

Do you still have an ARM mortgage rate? Did you know that your monthly payments could more than double once your initial 'teaser' rate is over? Are you ready for a higher mortgage payment? What if the value of your house drops?

If you are worried about your ARM mortgage you should fix your rate as soon as possible, especially while home values are still high and mortgage rates are low.

If you can't refinance into a fixed mortgage, try a 5 year ARM.

 

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Los Angeles Mortgage News

Mortgages: Internet versus local bank

Mortgage applications down, rates down, new home sales way up

Are you considering a piggyback loan?

Mortgage applications down 13.8%; rates also drop

Are mortgage going higher or lower?

Demand for mortgages slips again, as rates push higher

Mortgage rates and affordability

Mortgage rates top 2 year high

Some pros and cons of reverse mortgages

Getting rid of private mortgage insurance

Mortgage applications down 4th week in a row

Wait until spring to buy a home in Los Angeles?

Mortgage application at 3 1/2 year low

Mortgage Application Volume Down In Latest Survey

Worries over innovative mortgages

Orange County, California becomes the second most expensive real estate market in U.S.

California real estate boom isn't over yet

Mortgage applications for fall sixth week, mortgage rates drop slightly

Are ARMs a major concern for California?

Mortgage rates rise to 17 month high

-->>  More Mortgage News

Rate your mortgage broker.

Refinance your Los Angeles mortgage. Do you have an ARM? If so, you should think seriously be refinancing your loan to a fixed rate loan. Now is the time to refinance. Rates will not get much lower. Take advantage today and refinance with our mortgage brokers. If you need to refinance your  Southern California mortgage, we can help.

 

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Average 30-Year Fixed Mortgage Rate as of  week ending October, 12 was

6.37%*

Average 1-Year Adjustable Rate Mortgage (ARM)

5.56%*

*according to the Freddie Mac