Tag: variable rate mortgage

  • Mortgage Rates Sink to 5-Month Low

    Mortgage Rates Sink to 5-Month Low

    Just in time for the spring buying season, mortgage rates have fallen to their lowest level in five months, according to a lender survey released this week. This marks the fourth straight week in which mortgage rates have dropped. The benchmark for conforming 30-year fixed rate mortgages fell to 4.88 percent,... 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

  • Mortgage Products Beyond the Empty Nest

    Mortgage Products Beyond the Empty Nest

    Key Video Takeaways Just one look at Dan and Barbara Nostros' Ridgewood, N.J. home tells you that the last thing this couple ever thought they'd do is downsize to a smaller house. Nearly 3,500 square feet with four bedrooms, the Nostros' home has the feeling of a warm cocoon that's slowly expanded... Continue Reading