Hints of Inflation

Last week, due to higher oil prices and further hints of inflation, interest rates recently reached the levels we had 4 years ago before the big drop of 2003. However, lowered energy costs have recently taken away some of that upward pressure and rates have relaxed a bit.

While many borrowers are trying to affording today’s home prices, our most popular program tends to be the 10/1 ARM. Although adjustable rate loans that are just now making their first adjustment are today hitting 7.65%, this program offers a longer period of stability. Though it is slightly less in rate, the 5/1 ARM is viewed as riskier due to its shorter fixed period and many borrowers are refinancing out of those loans in favor of longer fixed periods.

1000 Top U.S. Schools

Good job La Canada! We are the 162nd best school in the U.S. Check to see if your school made the cut:

Newsweek Article in MSN