Florida mortgage applicants electing for a conventional ARM over a conventional fixed-rate mortgage will save 105 basis points on their next mortgage rate.
Tag Archive: ARM
5-Year ARM Falls To Historic Lows
The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There’s never been a better time to lock an ARM.
Orlando Mortgage: ARMs from 2004-2006 Adjusting To 3 Percent
If you have an adjustable-rate Orlando mortgage that’s due to reset this season, don’t rush to refinance.
Plan To Sell Within 5 Years? Consider An Adjustable-Rate Mortgage.
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…
Comparing Mortgage Rates For Adjustable- And Fixed-Rate Mortgages
Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac’s weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.
Florida Mortgage Update: Now is a Good Time to Consider a 5-Year ARM
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.
