Michelle Magnus Brown

Mortgage rates for a 30-year fixed are at an all-time high according to Mortgage News Daily, rates not seen since 2009. Meanwhile, the rate for an ARM loan is a percent or more lower. Today, knowing when an ARM loan is a good idea is more important than ever.  As an agent navigating your clients through uncertain financial times, you need to understand Adjustable Rate Mortgages and how they will affect buyers. When considering an Adjustable Rate Mortgage, keep the following three factors in mind: … [Read more...] about Knowing when an ARM Loan is a Good Idea