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  2. Fixed vs. adjustable-rate mortgage (ARM): What’s the ... - AOL

    www.aol.com/finance/fixed-vs-adjustable-rate...

    An adjustable-rate mortgage has an interest rate that changes at set intervals after a fixed-rate introductory period. Intro periods are most commonly three, five, seven or 10 years.

  3. How to refinance your ARM into a fixed-rate mortgage - AOL

    www.aol.com/finance/refinance-arm-fixed-rate...

    At a glance: ARM vs. fixed-rate mortgage. Adjustable-rate mortgage. Fixed-rate mortgage. Down payment. Typically 3.5% to 20%. Typically 3% to 20%. Initial interest rate. May be lower or higher for ...

  4. 10/1 or 10/6 ARM vs. 30-year fixed-rate mortgage - AOL

    www.aol.com/finance/10-1-10-6-arm-184112490.html

    A 10/1 ARM often has a lower initial interest rate compared to a 30-year fixed-rate mortgage, generally about 0.25 to 0.5 percent less. The initial rate of a 10/1 ARM is typically set below ...

  5. Adjustable-rate mortgages: What they are and how they work - AOL

    www.aol.com/finance/adjustable-rate-mortgages...

    Generally, the initial interest rate on an ARM mortgage is lower than that of a comparable fixed-rate mortgage. After that period ends, interest rates — and your monthly payments — can rise or ...

  6. Mortgage and refinance rates for Jan. 20, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    Freddie Mac reports an average 7.04% for a 30-year fixed-rate mortgage, up 11 basis points from last week's average 6.93%, according to its weekly Prime Mortgage Market Survey of nationwide ...

  7. Daily mortgage rates for Oct. 16, 2024: Average rates inch ...

    www.aol.com/finance/daily-mortgage-rates-for-oct...

    See today's average mortgage rates for a 30-year fixed mortgage, ... The current average interest rate for a 30-year fixed mortgage is 6.55% for purchase and 6.55% for refinance — up 9 basis ...

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