Mortgage refinancing, ARM To Fixed - 2005-04-03
The recent hike in mortgage interest rates has reignited a debate in real estate circles: At what point might higher rates start sucking air out of the Bay Area market?

Napa mortgage broker Dale DiGennaro indicated many of his clients with adjustable-rate home equity lines of credit are rushing to refinance into fixed loans.

"Some of them are panicking," DiGennaro said.
Read the full story at San Francisco Chronicle

Homeowners in Harm's Way - 2005-04-03
There has been plenty of unhappiness in recent months over the soaring property tax bills that homeowners have been receiving, thanks to their similarly soaring home values. Families complain of being "taxed out" of their homes through no fault of their own.

But less attention is being given to a group of homeowners who could be in even greater peril: those who stretched themselves thin to buy an expensive house that they could afford only by borrowing on a low-interest, adjustable-rate mortgage.
Read the full story at Washington Post