Tag: Adjustable-rate mortgages

  • Mortgage Refinance Boom Still a 'Once-in-a-Lifetime Opportunity'

    Mortgage Refinance Boom Still a 'Once-in-a-Lifetime Opportunity'

    There isn't much written about the issue in the national media, where the focus is on gun violence and fiscal cliffs, but the U.S. is in the midst of a mortgage refinancing boom that should continue well into 2013. According to the Washington, D.C.-based Mortgage Bankers Association's weekly applications... Continue Reading

  • Hello to ARMS: Variable-Rate Loans Make a Comeback

    Hello to ARMS: Variable-Rate Loans Make a Comeback

    Roundly blamed as one of the key reasons behind the collapse of the housing market, the once-popular ARMs--adjustable-rate mortgages that started low and then adjusted to higher and less affordable payments--have crept back into the marketplace. The home-loan product that was virtually eradicated during the... Continue Reading

  • An ARM That Goes One Way: Down

    An ARM That Goes One Way: Down

    An Adjustable-Rate Mortgage that only goes down? Sounds too good to be true. But that's what a Virginia startup is promising. But first, the background. If you've refinanced your mortgage without paying closing costs, there's a good chance that you're still paying for the privilege, in the form of a "yield... Continue Reading