Pros. Principal balance is reduced relatively rapidly compared with longer-term loans. The 15-year fixed-rate loan permits ...

If you are looking to buy a home, you may want to consider an adjustable-rate mortgage — but experts say it’s important to know what that means before you commit. When the index of interest rates goes ...

An adjustable-rate mortgage can save you money early in the loan, but you’ll need to be clear on how much your payment could rise later.

Lauren Williamson is the Financial and Home Services Editor for the Hearst E-Commerce team. She previously served as Senior Editor at Chicago magazine, where she led coverage of real estate and ...

ATLANTA — The number of homeowners seeking to refinance their homes has surged by 60% from last week, according to the Mortgage Bankers Association. Channel 2 consumer investigative reporter Justin ...

Applications for adjustable-rate mortgages have more than doubled over the past year, according to the Mortgage Bankers ...

Mortgage interest rates just fell to an 11-month low last week and they are likely to continue to fall in the weeks ahead. With a Federal Reserve rate cut all but a certainty now (the dispute lies ...

(NewsNation) — With mortgage rates elevated, more borrowers are turning to adjustable-rate loans for relief. Adjustable-rate mortgages, or ARMs, made up about 10% of all mortgage applications in ...

A hybrid mortgage combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM). This type of mortgage offers a fixed interest rate for an initial period, ...

Discover how fixed-rate payments work, their benefits, and how they differ in mortgage loans. Learn with examples to make informed financial decisions.

Buying a home is one of the largest financial moves most people ever make, and unless you have enough cash to purchase a property outright, a mortgage becomes the bridge between you and homeownership.

Thirty-year mortgage rates fell to a one-year low today. The current average mortgage rate on a 30-year fixed mortgage ...