More buyers are turning to adjustable-rate mortgages, which offer lower initial rates than fixed-rate loans. Some ARMs could shave almost a percentage point off the 30-year fixed rate, recent data ...
If you're one of the many homeowners who chose an ARM to escape the fixed-rate mortgage climb starting in 2022, you might be eyeing a refinance soon. With ARM rates now adjusting to around 7% APR or ...
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Current Adjustable-Rate Mortgage (ARM) Rates
The Federal Open Market Committee’s (FOMC) series of rate hikes throughout 2022 and 2023 left ARM mortgage rates relatively high, but the time for rate cuts finally arrived in 2024. The Fed conducted ...
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