Adjustable-rate mortgages made headlines in 2008 for being a factor in the housing crisis. Since the pandemic, these loans have seen a comeback and financial experts are warning borrowers who will see ...
Hoping to buy a home or refinance your existing one? These are the mortgage rates to know right now.
Adjustable-rate mortgages are making something of a comeback. Last week they made up nearly 10% of all mortgage applications, nearing a post-pandemic high, per the Mortgage Bankers Association.
More homebuyers are turning to adjustable-rate mortgage loans to keep their payments affordable. It's easy to understand why.
The current average mortgage rate on a 30-year fixed mortgage is 6.18%, compared to 6.1% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the ...
With mortgage rates elevated, more borrowers are turning to adjustable-rate loans for relief. Adjustable-rate mortgages, or ARMs, made up about 10 percent of all mortgage applications in September — ...
If you remember the 2008 housing crash, “adjustable-rate mortgages” might still conjure predatory lenders and underwater homeowners. That association isn't just earned — it's backed by staggering ...
The current average mortgage rate on a 30-year fixed mortgage is 6.10%, according to the Mortgage Research Center. The ...
On Monday, the National Association of Realtors reports the number of pending home sales for the month of November. The NAR recently reported that home sales have been picking up, thanks in large part ...
Freddie Mac’s average rate for a 30-year loan is 6.09% for the week ending January 22, nearly a percentage point lower than a year ago.
In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.