Two definitions that can cause confusion when securing a mortgage are mortgage term and amortization period. To help you understand exactly what these two terms mean,we break them down into more ...

If you choose an adjustable-rate mortgage (ARM), your loan amount will change according to the terms of the mortgage. There are many varieties of ARMs, from 7/1 to 5/1 to 1-year.

Mortgage terms are the length of time until a mortgage is paid off. Here’s how the term you agree with your lender will affect what you pay overall.

Mortgage and refinance rates for May 23, 2025: Rates for 30-year, 15-year terms rise ahead of long Memorial Day weekend Kelly Suzan Waggoner May 23, 2025 at 6:00 AM ...

After cutting to the bone, many mortgage lenders are ramping up hiring. But they're being selective about who they hire, and at what terms.

Before applying for a mortgage, you'll want to do some prep work. First, check your credit score to make sure it's as healthy as possible and take a look at your credit report to ensure there are ...

The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 12, which is 0.250 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage ...

Average mortgage rates for popular terms continue to fall as of Thursday, May 1, 2025, starting the new month at just about the same levels as the start of April.

Mortgage rates fluctuate almost daily based on economic conditions. Today’s mortgage rates hold at 6.88% for 30-year terms, while 15-year terms hold at 6.13%.

A loan modification allows you to change the terms of your current mortgage. Depending on your lender, you may be able to change your rate, term, the borrowers on the loan, and more.

Today's mortgage rates hold steady for 15- and 30-year terms | August 8, 2024. Find out how to get the best mortgage rate and how to compare rates from different lenders.