ContentWhat is a 3/1 ARM?Wells Fargo Mortgage: Pros and consHow does a 3-year ARM loan work?What are ARM rate caps?Current Mortgage Rates by StateWhen is it a good idea to get an adjustable-rate mortgage?1 Adjustable-Rate Mortgage QuotesInterest rate capsConforming loansAlternatives to personal loansKey features of the 7-year ARMNew York Homeowners May Want to Refinance While [...]

But our record for accuracy won’t achieve its former high levels until things settle down. At the time this was published, the average 30-year fixed mortgage rate reached 6.95%. Trends in mortgage rates are influenced by complex factors, such as the Federal Reserve’s interest rate policy, employment rate, the Consumer Price Index, and the yields [...]