AdjustableRateMortgages

The death of the American Dream has been greatly exaggerated -- just ask Sofiya Cherni. Since she arrived in North Dakota from the Ukraine 14 years ago, the 28-year-old has earned a college degree, found a good job, and bought and then paid off her first home -- by working hard, spending wisely, and keeping a sharp eye on the numbers.

In a piece on the surge in mortgage rates over the past couple weeks, BankRate.com gets this brilliant bit of wisdom: There's another option: "We might even be back to looking at adjustable-rate mortgages," says Bob Moulton, president of Americana Mortgage, based in Manhasset, N.Y. He says some...

On Monday, Freddie Mac reported that 97% of prime borrowers who refinanced adjustable-rate mortgages in the fourth quarter opted to switch into fixed-rate loans. Of borrowers who were refinancing fixed-rate loans, an astounding 99.7% opted for another fixed-rate mortgage.In January of 2006, 41.9%...

Ken and Daria Dolan are widely known as America's First Family of Personal Finance. Can someone please tell us what happened to personal responsibility? The latest news from Washington is that some politicians are proposing that our hard-earned tax dollars be spent to bail out thousands upon...