It is worth keeping in mind that the Fed controls the short-term rates, not the long term ones (now that they stopped buying long term treasuries and even then it was indirectly), which are much more influenced by the long-term expectations of inflation and the international flow of money (think, is there instability in Russia that causes Russians to pull out their money out of the country and invest it in the safe-heaven like US, is the unpredictable and shifting US policy going to keep the US dollar's status as the de facto world currency, etc).

I own 4 acres right across from the Graton Casino and am working with Rohnert park on a mixed used resi commercial plan.. they need housing. but as you know in that area its just SO expensive to get the dirt ready for vertical and the building permits and systems development fee's are off the charts.Even here in Portlandia.. 

It would be similar to running to the Casino and playing a single hand with all your money.  

Also, of course cashflows.I'm leaning towards a 2-3 bedroom town home in the area just north about the South Point Casino, mainly for the free way access to get to and from the southwest and the strip easily.Send me what you guys have!

If you had a cap on how much your rate could adjust for the initial adjustment, say 2%, your new rate would be limited to 7%.Mortgage interest rates are closely related to treasury bonds.

Five headwinds that California coastal real estate is facing which never existed in any previous market: (1) Baby Boom retirement is creating more sellers than buyers. (2) The Fed's unprecedented regulation of interest rates through money printing and Treasury note buying is winding down. 

@Paul BlackBesides issuing the 1099R, you are required to withhold 20% from each distribution and submit it to the Department of the Treasury by the 15th of the month following the distribution.

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:HOA or condo feesCode Enforcement for debris removal or mowingDemolition or Environmental Based LiensState child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgagePersonal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgage

Strip Malls, Casinos, Film Studios, Production Houses, Schools, Tech Companies, Start-ups and even Vacation Resorts, Apartment Complexes and even islands).  

Mortgage rates closely follow the 10 year treasury note.