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RoKa Property
Rain Residential
Office: (850)830.4830
Cell: (850)699.4290
info@RoKaProperty.com
RoKaproperty.com

Local Happenings

Join us at the Keesler Air Show!  MS Select Realty is one of the proud sponsors of the Keesler Air Show. 

KEESLER AFB, MISS. -- 'Thunder on the Bay,' the base's first air show since April 2004 comes to Keesler April 4-5, 2009.
 
"We are excited to be hosting the first air show at Keesler Air Force Base in five years," said Brig. Gen. Greg Touhill, 81st Training Wing commander. "We have organized a dedicated air show committee who are working diligently to solidify two days of amazing aerial acrobatics as well as impressive static display aircraft."
How do adjustable-rate loans change? | Print |

How do adjustable-rate loans change?

Adjustable-rate mortgages go up and down with interest rates, based on several esoteric money market indexes which cause the cost of funds for lenders to vary. Several popular indexes include Treasury Securities, Cost of Funds, Certificates of Deposit, and Libor (London inter-bank offering rate). Most big city newspapers publish ARM index rates.
The interest rate and payment adjustments do not always coincide. There is usually a lag.  There are a variety of consumer protections built into these loans. But consumers need to beware of advertising and other claims made by lenders.
Resources: * For more information, consult the "Consumer Handbook on Adjustable-Rate Mortgages," available from the Federal Reserve Bank of San Francisco Public Information Department, P.O. Box 7702, San Francisco, CA 92120; (415) 974-2163.

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Last Updated ( Tuesday, 29 July 2008 )
 
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