Stupid ... there is no substitute. Tugging on Supeman's cape? Bad idea. Sptting into the wind? Buy some brain cells. But stupid with a capital "S" happens when you get an adjustable mortgage rate loan when rates are this low. People who have been doing it the last few years are gonna have the wake-up call to end all pretty soon when their monthly payments shoot through the roof.

Here's the facts, jack. Mortgage loan rates have spent the past few years lower than a federal witness wearing cement shoes at the bottom of the river, see? So why would you get a loan that doesn't lock that rate in?

Don't get fooled by jazzy stuff like lower payments ... if you ain't debt-free today, or don't have an emergency fund, or can't get a 15-year fixed mortgage rate payment that's less than a third of your take-home pay, then a house isn't your bag, baby. If that's not enough info, listen to The Dave Ramsey Show for more.