Housing market for retiring baby boomers exploding in western Port St. Lucie » Mortgage Masters Group

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Housing market for retiring baby boomers exploding in western Port St. Lucie Mortgage Masters Group. An adjustable rate mortgage (arm) allows the lender to adjust the interest rate of a mortgage at scheduled intervals. A rate cap limits the amount the lender may increase or decrease the interest rate per each adjustment.

The 2000 Census estimated there are more than 78 million Baby Boomers born between 1946 and 1964 are living in the United States. As this group enters retirement, many economists and market analysts predict how the housing market will be affected. Baby Boomers tend to be the richest age group in terms of real estate, [.]

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