Wednesday, April 7, 2010 as of 11:14 AM ET
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.
Read More at Wikipedia ›Average mortgage rates in the U.
S. were little changed over the past week, holding their place around record lows.Freddie Mac Chief Economist Frank Nothaft noted, "Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability."For the week ended Thursday, the 30-year fixed-rate mortgage averaged 3.78%, compared with 3.79% the previous week and 4.60% a year earlier. Rates on 15-year fixed-rate mortgages were flat week-to-week, at an average 3.04%, and down from 3.78% a year ago.Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, also were unchanged week-to-week, and averaged 2.83%. However, the rate was down from 3.41% a year earlier. One-year Treasury-indexed ARM rates averaged 2.75%, compared with 2.78% the prior week and 3.11% set a year ago.Copyright © 2012 Dow Jones Newswires...The New York Federal Reserve is offering to sell a bundle of mortgage bonds that it acquired in the 2008 collapse of Bear Stearns Cos., people familiar with the matt...
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Mortgage rates declined over the past week following disappointing readings on the U.S. housing market, according to Freddie Mac's (FMCC) weekly survey of mortgage r...
DOW JONES NEWSWIRESMortgage rates declined over the past week following disappointing readings on the U.S. housing market, according to Freddie Mac's (FMCC) weekly s...
Dear Dr. Don, Can you help me to understand the pros and cons of adjustable-rate mortgages? After the ARM's fixed period has ended (such as after one, five or seven ...
DOW JONES NEWSWIRESMortgage rates again moved higher over the past week amid signs the state of the U.S. economy is improving, according to Freddie Mac's (FMCC) week...
The number of mortgage applications filed in the U.S. last week fell 7.4% from the prior week, the Mortgage Bankers Association said Wednesday, as interest rates cre...
When you’re in the market for a mortgage, the two main types you will encounter are fixed-rate and adjustable-rate. Your lender should walk you through the specifics...
With today's unprecedented low mortgage rates and home prices, you may be thinking of making the big leap into home ownership.If you're a mortgage newbie, don't get ...
The number of mortgage applications filed in the U.S. fell last week by 0.3% from the prior week, the Mortgage Bankers Association said Wednesday.Refinance activity ...
DOW JONES NEWSWIRESThe number of mortgage applications filed in the U.S. fell last week by 0.3% from the prior week, the Mortgage Bankers Association said Wednesday....
JMP Managing Director Steve DeLaney on the attractive yields of mortgage REITs.
With rates so low, most borrowers want the security of a 30-year fixed mortgage . But when getting a jumbo mortgage, that long-term safety means much higher monthly ...
Average fixed mortgage rates hit record lows for the third straight week as ongoing concerns over the European sovereign debt crisis overshadowed improved economic r...
Average fixed mortgage rates fell to new record lows over the past week as signs of slowing economic growth raised doubts about the strength of the economic recovery...
If you've found that a refinance isn't for you, there may be another option for lowering your monthly mortgage payments -- if you can pull together some cash."Recast...
Wells Fargo & Co. (WFC), facing demands ranging from forgiving more mortgage debt and paying more taxes to ending political lobbying, is bracing for thousands to con...
DOW JONES NEWSWIRESAverage fixed mortgage rates were little changed over the past week after data showed inflation in the U.S. remains in check, according to Freddie...
The number of mortgage applications filed in the U.S. last week rose 6.9% from the prior week, the Mortgage Bankers Association said Wednesday, as macroeconomic worr...
