KPLU’s John Maynard bought a condo in 2007 – at the height of the market. He took out an adjustable-rate mortgage that’s “adjusting” in June.
That’s turned out to be good news for Maynard, who’s mortgage payment will go down considerably since interest rates are low right now and expected to be so for quite some time.
This article first appeared on KNKX. Read the complete article here.