With a fixed-rate mortgage, the rate literally remains fixed: It carries the same interest rate and monthly payment for the entire life of the loan. But an adjustable-rate mortgage (ARM) has an ...

“When you get a fixed-rate mortgage, it's like buying insurance against inflation, and you're paying for that insurance over the whole life of the mortgage,” one expert told us. The real estate market ...

Home mortgages seem weird. Often the borrower seeks a loan through a mortgage broker rather than a bank. And even if a bank handles the mortgage, the borrower may send payments to some other ...

A hybrid mortgage combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM). This type of mortgage offers a fixed interest rate for an initial period, ...

A high mortgage interest rate is relative, since it all depends on the current market, the type of loan you want, your FICO score, down payment amount and where you’re buying. But you can use some ...

The APR and interest rate on your mortgage aren’t the same. Here’s what to pay attention to when you compare costs.