FIXED RATE MORTGAGE INFO

Welcome to one of the leading sources of information related to fixed rate mortgages. 

Looking for more information, or just trying to find the Best Fixed Rate Mortgage, our website helps consumers research and learn more about loans, and to start comparing quotes online.

With the current housing market in the shape it is, and while rates are at the lowest they've been years, why even gamble with a risky "variable rate mortgages.  With a fixed rate mortgage you take away those worries, and lock into all time lows.

Some advantages of Fixed Rate Mortgages are:

The interest rate is fixed and set for the full term of the loan.  They are also the most common home loans.

More assurance, as regardless to outside economic conditions, your mortgage rate is secured.

You have an amortized schedule, therefore you know in advance exactly what your loan interest and principal payments are going to be each month, throughout the term of the mortgage.   

An ARM is an hybrid of a variable and fixed rate mortgage, in sense, that the loan will initially be a fixed rate. however after a certain amount of time (usually between 1-7 years), transitions to a variable rate.  While this is riskier, it can be an ideal choice for this homeowners (or buyers), that tend to live in the home only for a few years.  Depending whether it's a 1, 3, 5, or 7 year ARM, the note rate can be .25% - 1.50% lower!  Because of the risk involved, this may only be a wise solution for those that expect to retain the loan for the short term.

Some more helpful guides, tools, and information:

Looking for the best fixed rate mortgage

Current 30 year fixed rate mortgage rates

jumbo fixed rate mortgage (rates and quotes)