Save Money in this Sunday's paper

Let me start out by saying that I have a bias in favor of fixed mortgages, especially in this time of historically low rates. The logic is this: Why wouldn’t you lock in now and enjoy the certainty of a nice low rate for the full life of your mortgage?

The answer lies in one’s view on the U.S. economy. The economy has been stuck in one of the slowest post-recession recoveries in the history of the country, but it is gradually starting to mend.

Tom Reddin
Tom Reddin, former president of Charlotte-based LendingTree, writes an occasional column for Sunday Business about mortgages and home ownership. A version of this column previously appeared on his blog, MortgageRates.us. He runs Red Dog Ventures, a venture capital and advisory firm for early stage digital companies.

Follow him on Twitter.
CharlotteObserver.com