In most cases, a 15-year jumbo mortgage will have a lower interest rate than a 30-year jumbo mortgage. Adjustable-rate mortgages (ARMs) can also have lower interest rates, at least initially.

There are two primary types of mortgage rates: fixed-rate and adjustable-rate. Fixed-Rate Mortgages: With a fixed-rate mortgage, the interest rate remains the same throughout the loan term ...

But this week’s data revealed that the adjustable-rate mortgage (ARM) share of activity increased to 9.6% of all applications — the highest level recorded since November 2023. “One notable ...

With a fixed-rate mortgage, the interest rate is set for the duration of the loan, offering stability. With an adjustable-rate mortgage, the interest rate is only fixed for a certain amount of ...

Navy Federal Credit Union offers home purchase loans and mortgage refinancing options. The product line includes fixed and adjustable-rate (ARMs) conventional mortgages and VA loans. The lender ...

Mortgage rates shot up over the past week, drying up home-buying and refinancing demand. But some home buyers are finding deals in adjustable-rate loans. Mortgage rates jumped 20 basis points in ...

according to the Mortgage Bankers Association. At the same time, the share of applications for adjustable-rate mortgages, or ARMs, climbed to its highest level in 17 months. ARMs lower a borrower ...

according to the Mortgage Bankers Association. At the same time, the share of applications for adjustable-rate mortgages, or ARMs, climbed to its highest level in 17 months. ARMs lower a borrower’s ...