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When Should You Refinance?

When 32-year-old James W. Johnson of Raleigh, North Carolina, bought his first home five years ago, the best deal he could find was an adjustable rate mortgage with a 5.625% interest rate. Last April, aware that his ARM was about to reset, Johnson refinanced to a fixed-rate mortgage with a 5.275% interest rate. “I was blessed enough that interest rates have gotten lower in the last five years,” he says.

Percy E. Sutton: A Titan Worthy of Emulation

Percy E. Sutton: A Titan Worthy of Emulation

Percy Sutton never met a challenge too great for his boundless energy and intrepid spirit. The founder of Inner City Broadcasting Corp. (which operated the first African-American owned radio station), a Tuskegee Airman, and lawyer, Sutton’s shrewd business sense and iron will made him a force to be reckon with. The pioneering figure died Saturday. He was 89.

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