Tag Archives: mortgage

Should you consider an Adjustable-Rate Mortgage?

a man looking through a magnifying glass at three wooden houses

access_timeNovember 2, 2023personThe Alfriend Group

The 30-year fixed-rate mortgage is now passing the 8% interest rate mark, the highest rate in 23 years.In less than two years, the average monthly mortgage payment on a $300,000 loan has increased over $1,100 per month. However, homeownership remains the primary cornerstone of building financial stability. And, with expectations of potentially lower rates by […]

ARMs On the Rise!

access_timeJuly 27, 2023personThe Alfriend Group

Mortgage rates were back on the rise this week. For the average home buyer, the rate jump translates to an average monthly payment of $2,126, an increase of more than $280. With these rate increases, more and more buyers are looking into ARM’s (Adjustable-Rate Mortgages) to purchase their homes. Should You Consider an ARM? What […]