Many homeowners chose adjustable rate mortgages to help achieve the lowest payments when housing prices were rising. The good news is that the rates on many of these adjustables have stayed low as the Federal Reserve Board has lowered short-term interest rates.

Now that the recession is coming to an end, many are expecting rates to rise as we move into recovery mode. This means that even with a low adjustable rate, now could be the right time to move into a secure long-term fixed rate.

•Long-term rates have averaged the lowest of our generation;

•The time to move into a secure fixed rate is before rates start rising. The markets tend to move longer term rates higher before the Federal Reserve Board raises short-term rates.

What does this mean? It means that if you wait until your adjustable starts rising, it may be too late to refinance because long-term rates will no longer be affordable. In the real estate world, timing is everything. You took advantage of historically low rates in the past five years. Now you need to take advantage of this window of opportunity as well.

The time to act is now. I will review your current mortgage situation–at no cost and no obligation–and let you know if you will benefit through a safe fixed rate mortgage at today’s low interest rates. Contact me and we can get the process started.