Mortgage Blog

Traditionally, people will say that money can not buy happiness. But recent research did suggest it does.

1)If you are so poor  as not able to afford  food and shelter, an increase in income that can provide  such basics has been shown to increase reported well-being 2)If you truly worry about finances, the removal concern over things like mortgage payment and hospital bills can lessen stress to such an extent that it increases happiness -- provided the getting and keeping of your newfound wealth does not create new stresses. 3)if you give to charity, research suggests that you are more likely to report a higher level of happiness 4)people who spend money on experiences -- vacations, scuba lessons, concerts -- report higher level of happiness than people who just buy things.

Back to the interest rates, I think it is the time to go lower. At least 5/1 ARM rate and 7/1 ARM is still pretty good.