Category: ARM Mortgage

Contents Common reasons people refinance Initial introductory period Short-term home loans Average 30-year fixed-rate mortgage A 5 year ARM, also known as a 5/1 ARM, is a hybrid mortgage. A hybrid mortgage combines features from an adjustable rate mortgage (ARM) and a fixed mortgage. It begins with a fixed rate for a specified number of years, but then changes to an ARM with the rate changing every year for the rest of the term of the loan. Did you know the two most common reasons people refinance their mortgage loans…

Contents 5-1 hybrid arm (5-1 hybrid Rate mortgage term Fixed rate period Average 30-year fixed-rate mortgage Primary mortgage market Remain Mortgage Rates Held Steady Heading Into July 4 Weekend – . average rate for a 15-year fixed rate mortgage was 3.18%, up from 3.16%. A year ago at this time, the average rate for a. Should You Consider an Adjustable Rate Mortgage? | Moving.com – 3-Year Adjustable Rate Mortgage. This is a 30-year loan in which the rate (and therefore your monthly payment) changes every 3 years. This loan, while…