Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Rethinking Adjustable-Rate Mortgages
DailyMORTGAGE LOCK ADVISORY 
September 11, 2012, 6:45 AM PST
Click for Lock Advice Updated Several Times Daily
      
7 day Mortgage Interest Rate lock or Float Advice: FLOAT Mortgage Points based on 3.0% Mortgage Backed Securities are up 0.10 point.  30 Day Mortgage Interest Rate Lock or Float Advice: FLOAT.  
MORTGAGE MARKET INDICATORS
National Average Fixed Rate Mortgage 3.55% MBS (3.5%) - 103.64, High: 104.75, Low: 103.59   DJI Stocks currently $13,288.43,  Up $34.14, Change 0.257%   Asian & European Stock Market Indexes Down -0.327%   Nymex Crude Oil Currently $96.67 Up $0.13   Gold 1 Once - $1,736.10 
 
MORTGAGE NEWS BRIEFS  
Rethinking Adjustable-Rate Mortgages By:Kirk Haverkamp MortgageLoan.com      You don't hear a lot about adjustable-rate mortgages (ARMs) these days. That's too bad, because they're still a good choice for many homebuyers, believe it or not.     ARMs can be a very smart choice for homebuyers who are not planning to stay in the home more than a few years. Think about it - if you're planning to sell the home within seven years, as many homeowners do, what difference does it make if you have a seven-year ARM? Why not take advantage of the lower rate and pocket the difference? >>MortgageLoan.com  
Mortgage debt relief may bring ... more

__________________________________________________
Are you on The Rain? Grow Your Network!