Mortgage rates have dipped slightly from their peak in 2023, but they’re nowhere near the historic lows seen just a few years ago. Still, if you got your mortgage during the past couple of years ...

The fixed-rate mortgage can benefit long-term loans, as higher interest rates won’t impact your payments, and when rates are down, you may have the option to refinance your loan to a lower ...

You can use a rate and term refinance to switch from one type of loan to another, such as going from an FHA loan to a conventional loan or from an adjustable-rate mortgage to a fixed-rate mortgage.

A December 2022 survey from U.S. News explores why consumers choose adjustable-rate mortgages and how this decision impacts their finances.

A 5/1 adjustable-rate mortgage has an average rate of 6.08% today. You’ll typically get a lower introductory interest rate with a 5/1 ARM in the first five years of the mortgage.

Say you get quotes from a lender that show you can get a 5/1 ARM with a 6.20% interest rate or a 30-year fixed-rate mortgage with a 6.80% interest rate on a $300,000 loan.

A 5/1 adjustable-rate mortgage has an average rate of 6.17% today. You’ll typically get a lower introductory interest rate with a 5/1 ARM in the first five years of the mortgage.

The average 15-year mortgage rate was up 18 basis points, to 6.27%. The rate for five-year adjustable-rate mortgages was up 18 basis points to 6.31% from the previous week. -Aarthi Swaminathan ...

The interest rate for the most popular U.S. home loan jumped to 6.81% last week, its highest level in two months, following a turbulent week for financial markets as President Donald Trump pressed ...

Mortgage rates soar, prompting home buyers to seek refuge in adjustable-rate loans The share of mortgages that were adjustable-rate rose to the highest level since November 2023, industry group says ...