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To beat rocketing rates, keep an eye on ARM's reset date

World climate has ice ages, and baseball had a Dead Ball Era. Mortgages have their defining epochs, too.

In 2003, when mortgage rates dropped below 5.5 percent for a time, it was the Year of the Refinance. The years 2004 through 2006 constituted the Era of the Exotic Mortgage, when home buyers were eager to get any type of loan so they could grab houses before prices were out of reach.

Then came 2007, the Year of Reckoning, when home prices went down and the foreclosure rate went up.

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Hip-Hop Rumors: Jay-Z Off To Apple? New G-Unit MCs? Kanye Is BACK!

Y'all act like you don't want them, but here they are. I heard the Unit is getting some fresh blood and I don't mean people getting shot. Rumor has it, Philadelphia's own Gillie Da Kid is the latest rapper down with the crew. The details are scant (and perhaps even untrue), but the source isn't a dummy. Gillie has been nice for years and he's the dude that released the picture of Baby and Wayne kissing. Now, he's probably going to make the best rapper's life hell.


That's not all. Remember we heard that Joe Budden might be going to G-Unit? Errrrrr – nope.


The block is talking about the possibility that Jersey City's Ransom has also signed to G-Unit for some good money. Ironically, Ransom was down with Joe Budden and A-Team.


Candidate plans to pay property taxes he owes today

It was an investment; it was a family investment," McKenzie said. "I'm not a landlord; this was my only place."

The rehabilitation is almost 95 percent complete, McKenzie said.

"In the end, it's going to be a really, really nice duplex," he said.

Ansley Haman may be reached at 865-342-6341.

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