Is Your ARM Broken…Or Is Your ARM Making You Broke? Since the Federal Reserve recently stopped it’s three year crusade to increase the Prime Rate every six weeks, most people with adjustable rate mortgages (ARMs) expected their already high rate to stabilize. Unfortunately, it takes up to 18 months for the indicators linked to some […]
The Federal Reserve Pauses in Their Rate Hikes
Well, the two big news stories in the last few weeks were the Federal Reserve Bank’s decision to not raise rates for the first time in 3 years, and the terroist plot by Islamic extremists that was foiled in Great Britain. How these two things are related helps […]