Mortgage Rate Articles

Adjustable-Rate Mortgage: Good or Bad Idea as Rates Rise?

Can rising mortgage rates be GOOD news? Brother Freddie has slightly higher mortgage rate estimates for 2019, though they still appear favorable to all. Early in 2019, they expect the 30-year fixed to average between 4.9% and 5%, before rising slightly to 5.2% in the third quarter and then 5.3% by yearend.

An adjustable-rate mortgage, or ARM, might be a good idea if you’re only planning to stay in your home for a short period of time, but you need to ask questions and read the fine print first.

Back when I was in the mortgage business-before the Financial Meltdown-I was always puzzled why people would take an adjustable-rate mortgage (ARM) when fixed rate mortgages were so low. Is an adjustable rate mortgage a bad idea now? With mortgage rates still very low, taking an adjustable rate mortgage makes even less sense. Here’s why.

 · An Adjustable Rate Mortgage, or ARM, can be a useful mortgage tool. But you must understand them before you agree to an ARM.. At first glance, you may think the rate will rise from 3.5% to 12.5% overnight. Luckily, the caps will kick in and do their job.. Next story An Adjustable Rate Mortgage is a Good Idea When.

There’s the silly, the foolish and the completely harebrained. And then there’s the adjustable rate mortgage — ARM for short. Like unprotected sex or one more drink, it always seems like a good idea at the time. In an environment of only low and lower rates, an ARM has looked like a good idea for.

Have Adjustable-Rate Mortgages Gotten a Bad Rap?. subprime adjustable-rate mortgage," said Mark Zandi, chief economist at Moody’s Analytics.. buy into the idea that an ARM might be a good.

This continued rise in interest rates over the last two years has been both good and bad news for consumers. rise in rates on a $100,000 mortgage translates into an additional $40/month. Borrowers.

Interest Rates are on the Rise. How to Overcome Higher Rates with an Adjustable Rate Mortgage – As mortgage rates rise, it might seem a bad idea to consider getting a five-year adjustable rate mortgage.

How to Find the Best Mortgage Rates and Lenders Online Freddie Mac survey: Mortgage rates edge down yet again Thirty-year mortgage rates have fallen to fresh lows for 10 out of the past 11 weeks. freddie mac started the survey in april 1971. Meanwhile, 15-year fixed-rate mortgages averaged 3.83 percent, down.Step 1. Strengthen your credit. Paying down each of your credit card balances below 30 percent of the available credit line and making on-time payments are the best ways to improve your score, says Jason Bates, director of sales, purchase division, at American Financing, a national mortgage lender based in Aurora, Colorado.Mortgage rates today, December 6, plus lock recommendations While there is no doubt that the fear of rising rates has sparked a flurry of bearish articles, I felt compelled to "set the record straight" and provide readers with a fact-based analysis based on.

Getting an adjustable-rate mortgage, or ARM, in a rising interest rate environment might seem like a bad idea. After all, why would a borrower want a loan that’s susceptible to rate hikes in the future? It’s important to consider that an ARM starts with an initial period that has a fixed interest rate.

Mortgage rates today, November 17, plus lock recommendations Are 3% mortgage rates in our future? For some, they are already here Already, 2019 seems like it will be a tough one for sellers with increasing taxes, climate change and laws and restrictions. Here are the challenges. to sell their houses. Mortgage rates are.Mortgage rates today, February 7, plus lock recommendations Are 3% mortgage rates in our future? For some, they are already here Check today’s 97% LTV rates here. The mortgage insurance would make the 3% down option more expensive on a monthly basis. However, the borrower’s down payment requirement is substantially lower, allowing them to buy a home much sooner, or buy at all. And remember that non-fha mortgage insurance is cancellable.Mortgage rates today, March 27, 2018, plus lock recommendations First time home buyers guide Becoming a first-time home buyer can be overwhelming. Try these 17 tips to make saving for, finding and buying your dream home a breeze. We’ll help you navigate the process more smoothly and save.Please continue to check this page as rates move throughout the day and from day to day. Lenders can still reserve loans or extend existing rate locks on any loan program with an N/A. Details on reserving loans or extending rate locks can be found on CalHFA’s Rates & Reservations webpage.Mortgage rates today, February 22, 2019, plus lock recommendations · That’s because mortgage rates are generally tiered, and typically lower mortgage rates are available for those with a down payment of 20% or more. If possible, consider increasing your down payment to see if it’ll get you a lower rate.Mortgage rates today, February 9, plus lock recommendations mortgage rates today, July 19, 2018, plus lock recommendations Mortgage interest rates are always changing. So if you like a rate from a lender, you can ask them to lock it in. This means you’re guaranteed to get that rate, regardless of whether market mortgage rates go higher or lower, for a specific period of time.Mortgage rates forecast for 2019: experts agree that rates will rise Mortgage interest rates have been rising lately. Many experts predict mortgage interest rates will rise in 2019 Historically, rates rise in the 12 months following a mid-term election in the US.Mortgage rates today, February 19, 2019, plus lock recommendations Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall..’Complacent’ borrowers missing out on fixed-rate-mortgage savings When Should Borrowers Refinance Their Mortgages? –  · Another option: the 15-year, fixed-rate loan, which will be paid off twice as fast as the standard 30-year deal. The average 15-year loan charges a tad less than the 30-year — 3.56 percent versus 4.32 percent. Over the long term, that reduces the borrower’s interest costs,STOR affirmed its 2018 guidance first announced last November. important plus factor in the company’s quality rating” Author’s note: Brad Thomas is a Wall Street writer, and that means he is not.Mortgage rates today, July 5, 2018, plus lock recommendations Mortgage rates will continue rising. From the beginning of 2018 to mid-December, 30-year fixed mortgage rates went up a little less than three-quarters of a percentage point, to around 4.75%.Mortgage rates today, May 24, 2019, plus lock recommendations..Mortgage Rates Wednesday, July 19: Applications Increase as Rates Continue to Fall 2017 Mortgage Rate Outlook: The Trump Effect How Trump Could Affect Mortgages — The Motley Fool – How Trump Could Affect Mortgages. because rates may increase in 2017 during Trump’s presidency. He can’t, essentially, issue an executive order and say, "We’re going to increase/decrease.What are today’s current mortgage rates? On July 2nd, 2019, the average rate on the 30-year fixed-rate mortgage is 4.06%, the average rate for the 15-year fixed-rate mortgage is 3.48%, and the.