Adjustable-rate mortgages are gaining popularity because they can help buyers afford homes in a high-rate market. Borrowers can save hundreds early on with an ARM, but payments may increase after the ...
Nearly one in 10 mortgage applications last week were for adjustable-rate mortgages, or ARMs, according to the Mortgage Bankers Association (MBA). The ARM share reached 9.8% for the week ending Sept.
Adjustable-rate mortgages (ARMs) often start with lower interest rates than 30-year fixed mortgages, reducing initial monthly payments. Borrowers who expect to move, refinance, or pay off their loan ...
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