They should calculate what their rate would be if adjusted in today's market and compare that with today's fixed-rate market and assess their personal situation. Do they have adequate funds to reduce or pay off their mortgage at the end of the adjustment period?

Gary Akright

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You need to factor in the (interest-rate) differential, as well as the costs of refinancing.

— Gary Akright

They figured they would be moving, downsizing or able to pay it off.

— Gary Akright

For the last couple of months, I've been contacting clients and giving them that opportunity. You're getting much more bang for your buck doing a fixed-rate mortgage than doing an adjustable-rate mortgage.

— Gary Akright

They typically had a game plan in mind. A lot of them are still hesitating. Until they really see it starting to move up significantly, it's very difficult for them psychologically to move away from that.

— Gary Akright

Matthew is a leader and he showed that on Sunday when he just said to the boys to have a positive frame of mind. He also said that the group had done the hard work and, while we'll miss him, his words were inspirational.