Home Mortgage Financing

The Pros and Cons of Adjustable Rate Mortgages


Fixed Rate vs Adjustable Rate Mortgages

With mortgage rates climbing dramatically over the last year, many buyers are weighing the pros and cons of an adjustable-rate mortgage (ARM) for their future home purchase. 

While fixed-rate mortgages provide homeowners with the same interest rate for the duration of their loan, interest rates for adjustable-rate mortgages can change over time. These loans are more complex than their fixed-rate counterparts, which is why this guide may be helpful as you're considering all your options.

The Wall Street Journal had some encouraging reporting on the National Mortgage Pact

The Wall Street Journal had some encouraging reporting in the Friday, February 10th, 2012 issue on the National Mortgage Pact.  It lists come important statistics and shows where the major mortgage problems exist in the United States.  The article states officials are confident that, because of the months of bargaining with the resultant settlement, the housing market is going to benefit and continue to move forward.  If you go in and look at the article you will see that Montana has not been hit with the huge foreclosure problems that the rest of the country has.  Century21 Big Sky has been experiencing positive growth in home sales which backs this statistic up.