What a 6.7% Mortgage Rate Actually Costs You
Rates have sat between 6.5% and 6.8% all summer while the Fed holds. Here is what that is worth in monthly payments, in total interest, and in how much house you can buy.
Real Estate
Mortgages
Fixed vs Adjustable Rate Mortgage — What You Are Actually Choosing
An ARM is a fixed-rate loan with an expiry date. What happens after it, the three caps that limit the damage, and the one situation where an ARM is clearly the right call.