Tag: ARMs

  • Risky Adjustable-Rate Mortgages Are Starting to Make a Big Comeback

    Risky Adjustable-Rate Mortgages Are Starting to Make a Big Comeback

    Getty Images The dramatic rise in interest rates that has occurred over the past two months has had a big impact on the mortgage-loan market. Rates on standard 30-year mortgages have gone from below 3.5 percent as recently as late April to well above 4.5 percent currently, according to Bankrate, significantly... Continue Reading

  • Adjustable-Rate Mortgages Gain as Other Loans Fall

    Adjustable-Rate Mortgages Gain as Other Loans Fall

    Mortgage specialist Jay Dacey couldn't keep coaxing clients to take advantage of the low mortgage interest rates without hopping onto the bandwagon himself. But the 30-year-old from the Twin Cities-area took a route that might make one do a double-take. He refinanced out of a 30-year-fixed rate of 4.75 percent... Continue Reading

  • First-Time Homebuyer's Guide

    First-Time Homebuyer's Guide

    Mike Valdez fits the profile of a savvy first-time homebuyer perfectly. A 34-year-old financial analyst from New Rochelle, N.Y., he and his family had grown sick of living the renter's life. So two years ago he decided to test the market and find a townhouse for his growing family. But despite his financial... Continue Reading

  • How to Pick the Right Mortgage Product for You

    How to Pick the Right Mortgage Product for You

    When moving back to a place near her hometown of Chicago, 29-year-old veterinarian Katherine Hillebrand considered her finances and lifestyle when she began to think about selecting the right mortgage product for her new three-bedroom condo. With her career and family close by, Katherine knew she would be in... Continue Reading