108602 News Today

Adjustable rate mortgage at 4.75%, zero discount points, zero origination fees -- >> are you kidding? >> i kid you not, the savings is real. >> reporter: adjustable rate mortgages got a bad rap during the bubble years. but theyre a wise choice if you know youre going to sell before they adjust. the shoblocks plan to downsize once all the kids go to college. the new mortgage will save them $55,203 over the next 10 years. >> im speechless. its just so hard to come up with ways to thank you guys fo...

Adjustable rate mortgage at 4.75%, zero discount points, zero origination fees -- >> are you kidding? >> i kid you not, the savings is real. >> reporter: adjustable rate mortgages got a bad rap during the bubble years. but theyre a wise choice if you know youre going to sell before they adjust. the shoblocks plan to downsize once all the kids go to college. the new mortgage will save them $55,203 over the next 10 years. >> im speechless. its just so hard to come up with ways to thank you guys fo...