What is a 5/5 ARM?

What is a 5/5 ARM?

If you are familiar with adjustable-rate mortgages (ARMs), you have probably heard of the 5/1 ARM or even the 10/1 or 1/1 ARM. There is a newer ARM loan available that is growing in popularity: the 5/5. Here’s everything you need to know about this

Apr 03, 2019 | Interest Rates

Home Price Gains Cool in February

Home Price Gains Cool in February

CoreLogic reports that home prices, including distressed sales, rose 4% from February 2018 to February 2019 as gains begin to cool to more normal levels after the 4.4% increase year-over-year seen last month in January. In early 2018, gains were seen in t

Apr 02, 2019 | Mortgage News

5 Ways to Save Money on Your Mortgage

5 Ways to Save Money on Your Mortgage

Mortgage interest rates have been near rock-bottom lows for many years but are likely to increase over the next few years. Even though you can no longer count on record low interest rates, there are plenty of things you can do to make sure you save money

Mar 27, 2019 | Credit Interest Rates

What are the Benefits of a VA Streamline Refinance?

Do you want to take advantage of lower interest rates? Or maybe there’s some merit to changing your mortgage term. Perhaps you’d like to take advantage of either benefit but haven’t done it yet because you owe more on your home than it&r

Mar 25, 2019 | VA Loans

Mortgage Rates Hit One Year Lows

Mortgage Rates Hit One Year Lows

The monetary authority of the United States, the Federal Reserve, meets 8 times a year to discuss the economy and adjust monetary policy to promote maximum employment and maintain price stability (inflation). The Fed, led by Chairman Jerome Powell, met t

Mar 22, 2019 | Mortgage News

Best Time of the Year to Buy a Home in Utah

Best Time of the Year to Buy a Home in Utah

Whether you have been saving up for your first home or you are ready to upgrade to a bigger place, you may be wondering if there is a “best” time to buy a home in Utah. While it depends on your priorities and your local market, there are some

Mar 20, 2019 | Home Buying or Selling