Factors affecting borrower choice between fixed and adjustable rate mortgages.
The choice between fixed and adjustable rate mortgages can be a very confusing one for borrowers. It can also be a very costly one that could result in much financial distress if a less than optimal choice is made. Recent mortgage borrowers were surveyed to determine whether they could calculate

Publication: Journal of Consumer Affairs

As adjustable mortgages rise, people switching to fixed rates.
Byline: Pamela Yip DALLAS _ When Cheryl and Randall Cupples of Dallas started shopping for a mortgage to finance their first home recently, there was one thing they were certain of: They wanted a fixed-rate mortgage. We didn't even think about an adjustable-rate mortgage, said Cheryl Cupples, a

Publication: The Dallas Morning News (via Knight-Ridder/Tribune News Service)

Don't be alarmed if you have an ARM: homeowners with adjustable rate mortgages should carefully reassess their situation before refinancing.(Homeownership)(adjustable rate mortgage)
With economists projecting several interest rate hikes through 2006, financial advisers say now is the time for borrowers to take a second look at the loan terms of adjustable-rate mortgages. Rates are likely to trend upward over the next year or two, warns Allen Fishbein, director of housing and

Publication: Black Enterprise

Avoid adjustable-rate mortgage shock
If you have an adjustable-rate mortgage, you need to monitor closely what may happen to your rate at the next adjustment. Compare your new payments with those you would qualify for on a fixed-rate loan, and then calculate how long it would take for your monthly savings to make up for closing costs

Publication: Deseret News (Salt Lake City)

Deciding Whether to Refinance an Adjustable-Rate Mortgage
Q We bought our condominium in August. At that time, interest rates on fixed-rate mortgages were hovering over 10 percent. In order to help us qualify for a mortgage, our lender persuaded us to get an adjustable-rate mortgage, which had an initial interest rate of 7.78 percent. This is adjusted

Publication: The Washington Post

MORTGAGE Q&A One-year Treasury bill is common as index for adjustable- rate loans
Q. If I get an adjustable-rate mortgage, how does my lender determine what the rate will be from year to year? A. Although your interest rate can be subject to change, the lender will calculate the interest rate of each adjustment period by adding its margin (an interest rate that is specified when

Publication: Chicago Sun-Times