Adjustable Rates vs. Fixed Rates: Which is better right now?

2 years ago

The rule of thumb is, get an adjustable rate when rates are high and get a fixed rate when rates are low...So the question becomes, are we in a "high rate environment" such that it makes sense to look more closely at adjustable rates. I definitely think so and while it will get worse before it gets better, it will get better. Links below, hope it helps!

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VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today

LINKS:
https://myhome.freddiemac.com/blog/homeownership/20160201-hiw-arm
https://fred.stlouisfed.org/series/MORTGAGE30US

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