Tag: 5/1

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%

Fixed Mortgage vs Adjustables (ARM)

2015/02/08 9:0430-year, 5/1, 7/1, adjustable, ARM, Fixed Mortgage, index, interest rate, Mortgage

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.