Adjustable-Rate Loans Can Be a Smart Risk

The Mortgage Bankers Association reports that only about 1 of every 10 home mortgages being written today carries an adjustable interest rate. A combination of negative press on adjustable-rate mortgages and a widespread belief that interest rates are bound to start rising in the near future has induced extreme caution among borrowers

Foresight and Foolishness

On April 1, 1976, Ron Wayne entered a partnership with Steve Wozniak and Steve Jobs. Called Apple, the new company prepared to launch its first computer. By the end of that same month, Wayne agreed to a payout of $2,300 to give up all rights to futur…