Standard Mortgage Blog

If you are in the market to buy a home, then you've heard all the buzz about the probability that the Federal Reserve will start cutting rates soon. As inflation has cooled, mortgage rates have already started to come down, averaging nearly a whole percentage point less than this same time last year. With additional help from cuts by the Fed expected this month, rates could fall even more and..

Refinancing a mortgage may be asmart financial decision. It allows homeowners to lower their monthly payments, reduce the total interest paid over the life of the loan, or access cash for other needs. However, there are costs involved that homeowners should consider before proceeding. By understanding the basics, you can prepare for the financial implications of refinancing and engage in..

Adjustable Rate Mortgages (ARMs) are home loans with interest rates that can change over time. They typically have a fixed rate for an initial period which is lower than the current market rate for a fixed loan. Most ARMs offer this introductory low rate for a period of 5, 7, or 10 years and then adjust periodically based on market conditions. The lowest starting rates are found on loans that..