Mortgage rates need attention

Adjustable rate mortgage loans are set to start adjusting in the next two years, according to Doug Minor, a certified mortgage planning specialist.

"Most consumers are unaware of the fact that their rate and their payments are getting ready to increase dramatically," said Minor.

"Many economists are concerned that, when the payments start to increase, it will have a massive impact on consumer spending . . . which, in turn, will impact the U.S. economy as a whole," said Minor.

Minor is prepared to discuss these issues and offer potential solutions to homeowners in the Conejo Valley and surrounding areas. He can be contacted at United Pacific Mortgage, (818) 261-0170.