Adjustable-rate mortgages made up about 10% of mortgage applications in September — the highest share in nearly two years.
A mortgage is a loan used to purchase or maintain real estate, including houses and commercial properties. A buyer repays the ...
(StatePoint) An adjustable-rate mortgage (ARM) is often discussed as an option to help lower initial costs and increase flexibility, particularly in a high-cost housing market. However, it’s important ...
A 10/1 adjustable-rate mortgage has a fixed interest rate for the first 10 years, then it changes annually for the remainder of the 30-year term. The interest rate on a 10/1 ARM is composed of a ...
Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed-rate ...