Advertisement
Singapore markets close in 2 hours 53 minutes
  • Straits Times Index

    3,278.33
    -14.80 (-0.45%)
     
  • Nikkei

    37,682.03
    -778.05 (-2.02%)
     
  • Hang Seng

    17,234.92
    +33.65 (+0.20%)
     
  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     
  • Bitcoin USD

    64,229.01
    -2,452.90 (-3.68%)
     
  • CMC Crypto 200

    1,391.36
    +8.79 (+0.64%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • Dow

    38,460.92
    -42.77 (-0.11%)
     
  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     
  • Gold

    2,331.60
    -6.80 (-0.29%)
     
  • Crude Oil

    82.92
    +0.11 (+0.13%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • FTSE Bursa Malaysia

    1,570.29
    -1.19 (-0.08%)
     
  • Jakarta Composite Index

    7,157.23
    -17.30 (-0.24%)
     
  • PSE Index

    6,581.88
    +9.13 (+0.14%)
     

Adjustable-Rate Mortgage Demand Reaches a 15-Year High, But Borrowers Should Beware the Pitfalls

Adjustable-Rate Mortgage Demand Reaches a 15-Year High, But Borrowers Should Beware the Pitfalls

As of this writing, the average 30-year mortgage rate on a national level is 5.668%. Zillow recently reported that ARM applications are at their highest level in 15 years. If you take out an adjustable-rate mortgage, you might enjoy a lower interest rate on your loan for a period of time.