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Are Mortgage Rates Increasing Consumers that have purchased or refinanced their homes at the historically low mortgage rates will be glad to know that they were able to take advantage of those mortgage rates before they disappeared. That is what is currently happening. Mortgage rates are now slowly increasing again. As of week ending February …
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How Do ARMs Work for Mortgages What is an ARM? ARM stands for Adjustable Rate Mortgage. Unlike the traditional 30-year fixed mortgage, the interest rate on an ARM can move up or down, depending upon current interest rates and the terms of the mortgage. Interest Rates An interest rate is the percentage which interest is …
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