A fresh Monday update on average mortgage rates is steering home shoppers to look closely at adjustable-rate mortgages as the spring buying season approaches. The briefing, aimed at helping borrowers ...
As house hunters face shifting borrowing costs, a new weekly snapshot of mortgage rates ...
The use of adjustable-rate mortgages is rising as borrowing costs remain high, but housing experts don't see the same risks that triggered the 2008 housing crisis.
An option adjustable-rate mortgage is a complex type of hybrid mortgage originally designed for a narrow segment of people: sophisticated borrowers with inconsistent incomes. But because an option ARM ...
A hybrid adjustable-rate mortgage is a type of mortgage that has an initial fixed interest rate period followed by an ...
Today's homebuyers face a tough market. Mortgage rates hover between 6% and 7% currently, while home prices stay stubbornly high. This combination has pushed homeownership out of reach for many ...
More homebuyers are turning to adjustable-rate mortgage loans to keep their payments affordable. It's easy to understand why.
For those of us who lived through the housing crisis of 2008, you may associate adjustable rate mortgages (ARMs) with predatory lending practices and mass foreclosures. But today’s ARMs have been a ...
A hybrid mortgage combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM). This type of mortgage offers a fixed interest rate for an initial period, ...
The last few months have ushered in notable improvements on the mortgage rate front. The average rate on 30-year mortgage loans recently declined to 6.13%, the lowest point seen in three years. Still, ...