Tag Archives: adjustable

Mortgage applications nosedive as rates continue to soar Adjustable rate mortgages saw a surge up to 8.5% of total applications last week

With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the latest survey by the Mortgage Bankers Association. The drop was largely driven by an 8% decline in refinancing applications, which was 68% lower than the same week one year ago. The seasonally adjusted purchase index dropped […]

Homebuyers Go Into FORECLOSURE With Adjustable Rate Mortgages | Housing Market Crash

Homebuyers are making rash decisions by taking adjustable-rate mortgages. This Housing Market is a rough one and is unpredictable. Especially with a housing market crash approaching. Let’s talk about it. Important JOIN THE COMMUNITY ▶︎ 🏡 Real Estate Beginners Course: 🚪 Free Foreclosure List Signup! 📝Check Your Credit Report & FICO Score: 🏦 Get Into […]

If thinking about an adjustable rate mortgage, consider the risks

Patrick T. Fallon | Bloomberg | Getty Images As interest rates tick upward, it may be tempting for homebuyers to explore adjustable rate mortgages. The appeal of an ARM, as it’s called, can be the lower initial interest rate compared with a traditional 30-year fixed-rate mortgage. However, that rate can change down the road — […]