For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
If you plan to sell your home within 5 years, an Adjustable Rate Mortgage (ARM) might be the way to go. Read more to find out why…
Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week’s results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin.
According to the Freddie Mac weekly mortgage rate survey, Florida mortgage borrowers might do well to consider a 5-year ARM vs. a 30-year fixed rate home loan.