When you get a mortgage, you have a choice to make: Do you want a fixed interest rate or one that can change — possibly even move downward — at some point? That's the key difference between fixed-rate ...

If you're one of the many homeowners who chose an ARM to escape the fixed-rate mortgage climb starting in 2022, you might be eyeing a refinance soon. With ARM rates now adjusting to around 7% APR or ...

Interest rates are rising, and that's bad news for homebuyers. The national average rate on a 30-year fixed mortgage is now over 5%. After being in the 2% range for much of the Covid era, buyers are ...

If you’re nearing the end of your ARM loan’s initial fixed-rate period and your rate will rise significantly, you might be considering refinancing to a fixed-rate mortgage. A fixed-rate mortgage ...

Demand for adjustable-rate mortgages (ARMs) is growing as interest rates on conventional home loans surge and as people seek an affordable on-ramp for buying a home. The average interest on a 30-year ...

Adjustable-rate mortgage loans have a short fixed-rate period before they switch to the variable rate, which can put borrowers at risk of rising rates down the line. Refinancing an ARM to a fixed-rate ...

Adjustable rate mortgages (ARMs) make homeownership more accessible for some borrowers. They offer the advantage of a lower interest rate for an introductory period, making the monthly mortgage ...

SAN JOSE, Calif.--(BUSINESS WIRE)--The Federal Reserve has raised its benchmark interest rate six times so far in 2022. And with each Fed rate hike, lenders tend to follow suit and increase loan APRs ...

With over four years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions as ...

Buying a house is a big deal. The terms, interest rate and the type of loan you choose have a lasting impact on your payments. When shopping for a home loan, you’ll come across two basic types of ...