Adjustable rate mortgages can save you money upfront—find out how they work and what risks to consider before applying.

The annual percentage rate, or APR, is the mortgage rate charged to a homeowner after all fees and other lending costs have ...

Read Next: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too The initial interest rate on an ARM is usually less than that of a fixed-rate mortgage — a plus for ...

When interest rates rise, homebuyers look for ways to make their purchases more affordable. And that means adjustable-rate ...

rate to determine the fully indexed interest rate of an adjustable-rate mortgage (ARM). ARMs are one of the most common variable-rate credit products offered in the primary lending market.

You’ll typically need a down payment of at least 3% to 5% for a conventional ARM loan. Don’t forget that a down payment of less than 20% will require you to pay private mortgage insurance (PMI).

You can also refinance to swap an adjustable-rate mortgage for a fixed-rate loan. CNBC Select has chosen the best lenders for a refinance mortgage in a number of categories. (See our ...

When you want to swap an adjustable-rate mortgage for a fixed-rate loan. Or the other way around. We’ll dive deeper into each of these scenarios below. The most obvious reason of all to ...

As a result, total American mortgage debt increased from $11.62 trillion to $12.11 trillion as of the third quarter (Q3) of ...