Discover what a variable-rate mortgage is, how it works, and the benefits and risks involved. Learn how rates adjust and what ...

Adjustable-rate mortgages made headlines in 2008 for being a factor in the housing crisis. Since the pandemic, these loans have seen a comeback and financial experts are warning borrowers who will see ...

ARMs are at their highest levels since 2008 — yet while post-crisis reforms made them less predatory, they aren’t without ...

Lauren Williamson is the Financial and Home Services Editor for the Hearst E-Commerce team. She previously served as Senior Editor at Chicago magazine, where she led coverage of real estate and ...

Pros. Principal balance is reduced relatively rapidly compared with longer-term loans. The 15-year fixed-rate loan permits you to own your home debt-free in half the time, and for less than half the ...

A fresh Monday update on average mortgage rates is steering home shoppers to look closely at adjustable-rate mortgages as the ...

ARMs often start at lower rates, but monthly payments can rise over time Adjustable-rate mortgages peaked at 35% of mortgage applications in 2005 Today's environment is vastly different for several ...

ATLANTA — The number of homeowners seeking to refinance their homes has surged by 60% from last week, according to the Mortgage Bankers Association. Channel 2 consumer investigative reporter Justin ...

Mortgage interest rates just fell to an 11-month low last week and they are likely to continue to fall in the weeks ahead. With a Federal Reserve rate cut all but a certainty now (the dispute lies ...

A hybrid mortgage combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM). This type of mortgage offers a fixed interest rate for an initial period, ...