Comparing Fixed and Adjustable Rate Mortgages

If you’re in the market for a new home, it pays – literally – to understand the difference between fixed rate and adjustable rate mortgages. In this guide to mortgage basics, we’ll explain the two basic types and explore the factors that determine which type will save you the most money.

Rate on 30-year mortgage falls to 3.88%

WASHINGTON-April13, 2012- The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making homebuying and refinancing a bargain for those who can qualify.