An adjustable-rate mortgage, with its lower initial interest rate and monthly payment, can seem a tempting alternative to a higher fixed-rate loan when mortgage rates are rising. “People are trying to squeeze into a more affordable payment,” says Jeff Lazerson, president of Mortgage Grader, a home loan lender in Laguna Niguel, California.
Adjustable-rate Mortgage: Good Or Bad Idea As Rates Rise?
Hal M. Bundrick, CFP, NerdWallet.com
Mon, 07/09/2018 - 2:43pm
BING NEWS:
- Analysts are revising their mortgage rate forecasts for 2025, and it paints a tougher picture for homebuyers
Mortgage rates were supposed to drop a lot in 2025. Now, that's looking less likely as investors expect higher inflation and a larger deficit.
12/11/2024 - 11:52 pm | View Link - Mortgage refinance demand surges 27% as interest rates drop for the third straight week
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.67% from 6.69%.
12/11/2024 - 3:06 pm | View Link - Why Labor Data Matters for Mortgage Rates and the Fed
Although one single data point is never decisive, when inflation is high, the Fed generally raises interest rates to discourage borrowing, quell consumer spending and reduce the money supply. A tight ...
12/11/2024 - 7:48 am | View Link - Mortgage Rates Started Lower, But Ended Higher
Mortgage rates were having a pretty decent day at first. The bond market was only slightly weaker overnight (implies some upward pressure on rates), but quickly improved after the Consumer Price ...
12/11/2024 - 7:08 am | View Link - Mortgage demand is up 5.4% as interest rates ramp down
Mortgage demand rose 5.4% during the week ending Dec. 6, stemming from an increase in refinances and lower interest rates.
12/11/2024 - 4:33 am | View Link - More
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