• Today's best mortgage and refinance rates: Wednesday, September 16, 2020

    7 days ago - By Business Insider

    Summary List Placement Mortgage refinance rates are going down. Fixed mortgage rates have been steadily decreasing, and right now, you'll pay more for an adjustable-rate mortgage than for a fixed-rate mortgage.
    "Normally there's an advantage to a 5/1 ARM," Darrin English, Senior Community Development Loan Officer at Quontic Bank , told Business Insider about an adjustable rate mortgage, in which the rate fluctuates after an initial period. "There's a reward, like a lower rate."
    However, he points out that the 30-year and 15-year fixed rates are currently offering better rates than the 5/1...
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