Many Buyers Are Opting For ARMs To Save Money

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In: Refinance News

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Instead of locking in a fixed rate for 15 or 30 years, the needle moves with the market. Costs are going up on everything, including mortgages. Given the rate increments, more individuals are going to adjustable-rate mortgages to attempt toContinue Reading

Influence of Federal Reserve Rate Hike Decision on Home Equity Loans HELOCs and ARMs

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In: Home Equity News

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The Federal Reserve’s interest rates choices impact the rates you pay for home equity loans, HELOCs, and flexible rate Mortgages.  The national bank said at its January meeting that interest rates are going up soon, and Fed watchers perceived thatContinue Reading

With Yields Curving Arms Coming Back With A Big Bang

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In: Mortgage News

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When the COVID-19 pandemic hit the housing markets, the 30-year fixed-rate mortgages came in at such great rates that some ARM programs were suspended by some of the largest wholesalers. Recently they have been reintroduced. The chief production officer, JeffContinue Reading