Adjustable-rate loans have lower rates right now than fixed mortgages, offering buyers cheaper financing costs.

Mortgage applications decreased 0.3% last week, but refinance activity rose 4% due to lower mortgage rates. The 30-year fixed rate dropped to 6.37%, encouraging more borrowers to refinance. AI Summary ...

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased last week to 6.37% from 6.42%. ARM applications increased 16% over the ...

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.67% from 6.77% The refinance share of mortgage activity increased to ...

For those of us who lived through the housing crisis of 2008, you may associate adjustable rate mortgages (ARMs) with predatory lending practices and mass foreclosures. But today’s ARMs have been a ...

Mortgage applications continued to rise last week, up 10.9% from one week earlier. That’s according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the ...

The number of people securing a home loan increased 10.9% for the week ending Aug. 8, according to the Mortgage Bankers Association. This marks the second week in a row the demand for mortgage ...

Homeowners are clearly looking for savings, even if it means taking on a riskier mortgage. Refinance demand, along with renewed demand for adjustable-rate loans, drove a sharp increase in overall ...