Adjustable-rate mortgages a gamble at today's low rate - 2004-02-28
When my wife and I opted for an adjustable-rate mortgage over the fixed-rate variety 11 years ago, it was a gamble. How pleasant, then, to have our judgment validated the other day by Federal Reserve chairman Alan Greenspan.

In a speech Monday to the Credit Union National Association, Greenspan said a homeowner with an ARM for the past 10 years could have saved tens of thousands of dollars compared to the cost of a fixed mortgage.
Read the full story at Miami Herald

Reasons remain to refinance mortgage - 2004-02-28
Mortgage bankers are fond of declaring that the refinancing boom is finished, even as huge numbers of homeowners continue to stream into mortgage offices to refinance their loans.

2004 is expected to be the sixth-biggest year ever for refinancing home loans. Doug Duncan, chief economist for the Mortgage Bankers Association, estimates that homeowners will refinance $447 billion this year. That's a big dropoff from 2003, when homeowners refinanced $2.2 trillion.
Read the full story at Bankrate.com