Thinking About Money

I was thrilled this morning to see a report in the San Jose Mercury News that there has been an up tick in people refinancing to fixed rate loans. Anyone who currently has an adjustable or interest only mortgage should be seriously considering this move to take advantage of today’s flat yield curve.

Frankly, I get somewhat annoyed by the many “Housing Bubble” articles I’ve read where postings and comments that seem to be almost take pleasure at the prospect of numerous foreclosures due to the rise in interest rates and drop in house values in some areas. I’m much rather see people take defensive action now to protect themselves, and for many, refinancing to a fixed rate loan is the perfect way to protect their financial security.

For those who are interested in evaluating their own situation, more information can be found in my previous article Time to Refinance?