On Air with George Adair – Recession Outlook, ARMs are Back, and Insurance Woes

George Adair of CrossCountry Mortgage talks about the different predictions from various entities who say a recession is coming, and George shares his thoughts on whether he things they are right or not. George also talks about the popularity of Adjustable Rate Mortgages, also known as ARMs, and how demand for these “riskier” loans should be countered with the behavior of buyers these days, many of whom buy a new house, or refinance before the temporary fixed rate expires.

Finally, George talks about the dramatic rise in cost for home insurance, in fact, many insurance carriers are leaving Sonoma County