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Category — Interest Rates

Don’t Try to Predict Interest Rates

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One of the biggest questions for homeowners to consider when shopping for a home loan is what type of loan to get: a fixed-rate or adjustable-rate mortgage. Conventional wisdom says that if interest rates are about to go up, you want to get a fixed-rate mortgage and lock in your interest rate. However, if interest rates are stable or likely to drop, an ARM is the best choice, as it enables you to take advantage of dropping interest rates.  

September 8, 2009   Mark Morrison is a local mortgage expert in MD.  You can reach Mark at xxx-xxx-xxxx. Receive FREE video content on home buying - Insider Secrets Revealed!  Find out what ONE thing you MUST do before putting a contract on a home! Get Bank Owned Properties by going HEREFacebook