There Is A 1.03% Interest Rate Spread Between Adjustable Rate Mortgages And Fixed Rate Mortgages

It's a common question with rate shoppers. Which is better? A fixed rate mortgage or an adjustable rate mortgage? In short, it depends. And the chart at top shows why. ARMs And Fixed Rates Don't Move In Unison Mortgage rates are based on the price of mortgage-backed bonds, a group of securities bought and sold [...]