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Fixed-rate mortgages are simpler, dependable and less stressful transactions. And, if interest rates fall, you can refinance to achieve a lower monthly bill. An adjustable-rate mortgage typically ...

The difference between a fixed-rate and an adjustable-rate mortgage Most mortgages are offered as a fixed-rate loan, with an interest rate that remains static, or as an adjustable-rate mortgage ...

Understanding a fixed-rate mortgage When you buy a home, you'll choose between two basic types of mortgages: an adjustable-rate mortgage and a fixed-rate mortgage. An adjustable-rate mortgage (ARM ...

When interest rates rise, homebuyers look for ways to make their purchases more affordable. And that means adjustable-rate ...

There are two primary types of mortgage rates: fixed-rate and adjustable-rate. Fixed-Rate Mortgages: With a fixed-rate mortgage, the interest rate remains the same throughout the loan term ...

Kofi has a 7.25% fixed-rate mortgage but was recently offered a “teaser” 6.2% 5/1 adjustable rate mortgage (ARM). He’s 30 ...

Read Next: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too The initial interest rate on an ARM is usually less than that of a fixed-rate mortgage — a plus for ...

FHA ARM loans only require a 3.5% down payment, but paying that amount means you’ll have to pay mortgage insurance premiums for the life of the loan. Fixed-rate mortgages are often considered a ...

Home mortgage rates remained essentially flat during the past tumultuous week for financial markets, dealing another blow to ...