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

HOUSING COUNSEL; As Rates Fluctuate, Adjustable Mortgages Offer an Alternative to 30-Year Loans
Q. We have a dilemma. We have just signed a contract to buy our first house, and it looks as if we have waited too long. Interest rates for fixed 30-year mortgages are now much higher than a few months ago. A mortgage lender has advised us to get an adjustable- rate mortgage (ARM). We like the

Publication: The Washington Post

Adjustable-rate loans, usually an alternative to fixed-rate mortgages, aren't what they used to be.(The Orange County Register)
So you've found just the house. Now it's time to find an affordable loan. That's tougher than it was just a few months ago. Adjustable-rate loans, usually a reliable alternative to more expensive fixed-rate mortgages, aren't what they used to be. The gap between the interest rate on each type of

Publication: Knight Ridder/Tribune News Service

Adjustable-Rate Mortgage Has Good Short-Term Advantages
Q. We are first-time home buyers, and have just signed a contract to buy a new house in the District. We believe that the city is coming back economically and, more importantly, we will take advantage of the first-time home buyer tax deduction. Interest rates are clearly low and the seller has

Publication: The Washington Post

ARM wrestling: many adjustable rate mortgages offer benefits to lenders and home buyers. Federal regulators are trying to deal with those that don't.(SEIDERS ECONOMY)
SOARING HOUSE PRICES IN MANY AREAS HAVE encouraged the development and use of a variety of ARMs that can stretch the affordability envelope for prospective owner-occupants. That's the good news. On the other side, some ARMs also have provided attractive short-term financing for speculators in the

Publication: Builder