Economy's Summer Sprint Unlikely to LastHerald Zeitung, TX -5 minutes agoThe collapse of the once high flying housing market, a meltdown and a painful credit crunch, have propelled home foreclosures to record numbers. ... Moreover, asking your lender whether a rate if fixed or adjustable is important when you're on the look out for the best mortgage rate. Remember that adjustable rates, despite their low interest rates, might not have the best mortgage rates. Adjustable rate mortgages only have low interest rates in their first year, after which, rates either tend to go up or go down.
