Mtg Rate 03/06/15 ▲ 295,000 Jobs Created in February
2015/03/08 22:4430-year, 5/1, ARM, Housing, interest rate, Loans, Mortgage, no fee, no point
Mtg rates jumped higher amid 295,000 new jobs created in February. Unemployment rate dropped to 5.5%

Mtg rates jumped higher amid 295,000 new jobs created in February. Unemployment rate dropped to 5.5%
Fixed vs Adjustable (ARM) mortgage – Because of the lower initial rate on ARM, the savings could be significant. Also due to the rate cap, ARM isn’t as scary as many think in a rising interest rate environment.
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