Prospective borrowers chose an adjustable-rate mortgage on 5.6 percent of the applications tracked in the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey . ARM share fell from 5.7 percent the previous week. Based on closed loans, Freddie Mac forecasts that ARMs will account for 6 percent of fourth-quarter volume then climb to 10 percent [...]

Fixed Mortgages are changing quickly and for the better. Today, there are more choices for the term, rate and lender than ever before. Experts say that it is very unlike that you will be stuck in a deal that is not flexible without a way to lower payment if rates are against you. This is [...]