Check Terms of Adjustable-Rate Mortgage
With mortgage interest rates moving up, we are looking carefully at an adjustable-rate mortgage. However, we really do not fully understand how it works, and would like your comments on this kind of mortgage. Unfortunately, in the past few months, mortgage interest rates rose considerably. Needless

Publication: The Washington Post

Careful Research Needed Before Committing to an Adjustable-Rate Mortgage
Q. We are shopping around for a mortgage for our first home and are confused about the many loans that seem to be available. Interest rates are low, real estate appears to be picking up again and the adjustable-rate mortgage is of interest to us. We do not understand how that works. What exactly is

Publication: The Washington Post

Borrowers should understand adjustable rate mortgages
The jitters that borrowers with adjustable rate mortgages experience in the weeks and months before these loans adjust might be unnecessary in the current marketplace, according to Tom Ward, president of Majestic Mortgage Corp., a Mundelein-based mortgage banker and broker. "A lot of borrowers

Publication: News Sun, The (Waukegan, IL)

Farewell to ARMs: many refinance adjustable-rate mortgages.(Adjustable-Rate Mortgage)
Byline: Ruby L. Bailey DETROIT _ Brian and Lisa Wilcock looked at mortgage interest rates four years ago, did the math and came up with a plan: Because they intended to move in three years, they'd refinance their 30-year fixed-rate mortgage into a three-year adjustable-rate mortgage (ARM) at a

Publication: Detroit Free Press (Detroit, MI)

As interest rates rise, adjustable-rate mortgages become popular again. (Originated from Knight-Ridder Newspapers)
PHILADELPHIA _ Eight months ago, adjustable-rate mortgages were as popular as the Jersey Shore in January. ``You couldn't give them away said Keith S. Gumbinger, an analyst with HSH Associates of Butler, N.J., which monitors mortgage interest rates. In January, with 30-year fixed rates just below 7

Publication: Knight Ridder/Tribune News Service

Adjustable Mortgage Rates Hovering Near 4 Percent
With 30-year adjustable rate home mortgage quotes dipping for the first time below 4 percent - that's right, under 4 percent - lenders report a surge of activity in that market segment that had been moribund. Home buyers and refinancers are snapping up mortgages in the low 4 percent range and even

Publication: Chicago Sun-Times