A fresh Monday update on average mortgage rates is steering home shoppers to look closely at adjustable-rate mortgages as the ...

Discover what a variable-rate mortgage is, how it works, and the benefits and risks involved. Learn how rates adjust and what ...

In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

Adjustable-rate mortgages made headlines in 2008 for being a factor in the housing crisis. Since the pandemic, these loans ...

ARMs are at their highest levels since 2008 — yet while post-crisis reforms made them less predatory, they aren’t without ...

Pros. Principal balance is reduced relatively rapidly compared with longer-term loans. The 15-year fixed-rate loan permits you to own your home debt-free in half the time, and for less than half the ...

ATLANTA — The number of homeowners seeking to refinance their homes has surged by 60% from last week, according to the Mortgage Bankers Association. Channel 2 consumer investigative reporter Justin ...

A hybrid mortgage combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM). This type of mortgage offers a fixed interest rate for an initial period, ...

(NewsNation) — With mortgage rates elevated, more borrowers are turning to adjustable-rate loans for relief. Adjustable-rate mortgages, or ARMs, made up about 10% of all mortgage applications in ...