FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Quicken Loans pitches more ARM loans as refinancing boom ends

30-year, FRM loses some of its appeal

House in the grass
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With mortgage rates finally edging up, choosing a 30-year, fixed-rate mortgage is no longer the best option for borrowers, Quicken Loans claims in a new Bloomberg news article.

As a result, the lender is pushing adjustable-rate mortgages a bit more to accommodate consumers, according to Bloomberg reporters Jody Shenn and Heather Perlberg.

"People on average move every seven to 10 years," Walters is quoted as saying in the Bloomberg article. "All that security they’re paying for with a higher rate generally isn’t used."

Source: Bloomberg News
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