Adjustable Rates vs. Fixed Rates: Which is better right now?
The rule of thumb is, get an adjustable rate when rates are high and get a fixed rate when rates are low...So the question becomes, are we in a "high rate environment" such that it makes sense to look more closely at adjustable rates. I definitely think so and while it will get worse before it gets better, it will get better. Links below, hope it helps!
SUBMIT YOUR SCENARIO - get a loan quote specific for you and fast! All I need is the following info…feel free to email or text:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
I will get back to you ASAP! :)
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046
VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today
LINKS:
https://myhome.freddiemac.com/blog/homeownership/20160201-hiw-arm
https://fred.stlouisfed.org/series/MORTGAGE30US
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