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What to Do If Your Adjustable-Rate Mortgage Is About to Adjust Higher
Recently, a friend of mine with an adjustable-rate mortgage told me his rate was set to adjust significantly higher. His current loan, a 7/1 ARM, has an interest rate of 3.25%, but that’s only good for the first 84 months. After that, the loan becomes annually adjustable, and the rate is determined by the index and margin. In case you hadn’t noticed, 30-year fixed mortgage rates have skyrocketed…
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#adjustablerate
#mortageadjustablerate
#fixedadjustablerate
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Mortgage rates march towards 7%, reaching highest level since 2007
Mortgage rates march towards 7%, reaching highest level since 2007
The numbers: Mortgage rates continue to march towards 7%, continuing to pressure potential homeowners looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according to data released by Freddie Mac FMCC, +0.75% on Thursday. Mortgage rates are up as the Federal Reserve pushed key interest rates up to deal with the worst inflation the country has seen in 40…
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An ARM can make homeownership more affordable with its flexible payment options and low rates. Save more money and give us a call today!
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There are so many loan options. Make sure you are working with a lender that helps you understand. Also, rates are 🔥 right now. Time to buy!! #loantypes #ratesarelow #timetobuy #interestrates #mortgageprofessional #lender #fhaloan #conventionalloans #jumboloans #valoans #fixedrates #adjustablerates #washingtonstate #realestate #buyers #sellers #refinance #ratesareonfire #escrow #escrowlife #escrowservices #wecanhelp #escrowteam #escrowexperts #homebuyers #northwestescrow #barlowescrow #4252594999 #3603868272 #[email protected] (at Northwest Escrow, LLC) https://www.instagram.com/p/CFPXrqZAecu/?igshid=166o1k0utvii8
#loantypes#ratesarelow#timetobuy#interestrates#mortgageprofessional#lender#fhaloan#conventionalloans#jumboloans#valoans#fixedrates#adjustablerates#washingtonstate#realestate#buyers#sellers#refinance#ratesareonfire#escrow#escrowlife#escrowservices#wecanhelp#escrowteam#escrowexperts#homebuyers#northwestescrow#barlowescrow#4252594999#3603868272#info
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Should I get a fixed- or adjustable-rate mortgage?
Should I get a fixed- or adjustable-rate mortgage?
What you should know before buying your first home <h2 cla... Home mortgage rates and real estate news – CNNMoney.com
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First-time home buyers alert! If you are looking for a new home and have little to no understanding of how adjustable rate mortgages work, this is the right place for you! Better your understanding of them below. If you have any other questions, contact our trusted Mortgage Broker, My-Linh Duong at (408)623-4130!
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Mortgage rates continue to fall! The weekly averages for popular mortgage types … https://ift.tt/2WtGxJN
Mortgage rates continue to fall! The weekly averages for popular mortgage types are down to 3.72% for a 30-year fixed-rate, 3.01% for 15-year fixed-rate and 2.85% for a 5-year ARM! Thank you Washington Post for sharing this great news for homebuyers! #1stReliant #WashingtonPost #Mortgage #LowRates #InterestRates #Homebuyers #HomeLoan #YourHome #HomeOwner #FreddieMac #FixedRate #AdjustableRate #Treasury #Opportunity #FederalFunds #MortgageBankersAssociation #Purchase #Refinance #FHA #VA
Mortgage rates continue to fall! The weekly averages for popular mortgage types … https://ift.tt/2WtGxJN
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Top Adjustable-Rate Mortgage Lenders - The Truth About Mortgage
With fixed-rate mortgages no longer on sale, I thought it’d be useful to take a look at the top adjustable-rate mortgage lenders nationwide. These are the companies that originated the most ARMs on a loan volume basis for the most recent year data is available. In 2021, some $611 billion in ARMs were funded by over 3,000 mortgage companies. So it clearly wasn’t a niche product. But 10 companies…
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Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market
Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market
A newly sold home is shown in Houston, Texas. Brandon Bell | Getty Images It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower rates. That gives them an advantage as both rates and home prices…
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