Is your mortgage scheduled to adjust this season? You may want to let it.
Mortgage Rates Expected To Rise On A Strong Job Report
When jobs come back, analysts say, so does the economy. That should push mortgage rates higher.
Friday’s Jobs Report Represents A Big Risk To Low Mortgage Rates
At 8:30 AM ET Friday, the government’s Bureau of Labor Statistics will release its November Non-Farm Payrolls report. Have you been floating a mortgage rate? It may be time to lock.
Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now
If your ARM is due to adjust this spring, your best move may be to let it. Don’t rush to refinance — your rate may be adjusting lower.
Comparing Mortgage Rates For Adjustable- And Fixed-Rate Mortgages
Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac’s weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.