Mortgage interest rates just fell to an 11-month low last week and they are likely to continue to fall in the weeks ahead. With a Federal Reserve rate cut all but a certainty now (the dispute lies ...
According to the Mortgage Bankers Association, the number of ARM applications jumped 25% last week, to their highest level in three years. Adjustable-rate mortgages — ARMs in real estate lingo — are ...
An adjustable-rate mortgage, or ARM, can seem like an enticing offer, as they often offer initially lower rates than the more standard fixed-rate mortgage. But later on, the rate is subject to change ...
With a fixed-rate mortgage, the rate literally remains fixed: It carries the same interest rate and monthly payment for the entire life of the loan. But an adjustable-rate mortgage (ARM) has an ...