In the News

Title

Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments

Document Type

Article

Publication Date

12-18-2015

Abstract

Homeowners should start researching mortgage rates and refinance out of ARMs and lock into a fixed rate, said McBride. The 0.25% rate increase equals to a payment of $0.25 for every $100 of debt.