Sentences with phrase «fixed rate mortgage matches»

The first borrower may find a five year adjustable rate mortgage the best option, while the second borrower may realize a 15 year low fixed rate mortgage matches her needs best.

Not exact matches

Nevertheless, the bank failed to match the best available rates online, overshooting direct lender rates by nearly 30 basis points on fixed rate mortgages.

With flexible rate, lower price, and 0 percent down options, conventional loan programs like 30 - year or 15 - year fixed - rate mortgages do not always enable us to match our fiscal targets.

An adjustable rate mortgage, or «ARM,» is a loan that offers a lower initial interest rate than most fixed rate loans, but will adjust up or down to match changes in the interest rate after a certain length of time.

Much like other cities, the area saw the best rates for fixed rate mortgages at direct lenders, while Bank of America came closest to matching those lenders in 5/1 ARM rates.

Among banks, Wells Fargo and Bank of America came closest to matching the best direct lender rates on the common 30 - year fixed rate mortgage.

Visit our online marketplace where consumers get matched with prime nationwide mortgage lenders that specialize in credit lines, equity loans, fixed rate refinancing and home buying mortgages.

Despite the fact that average rate for a 30 - year, fixed rate mortgage decreased slightly to 5.5 %, it could not match the record - low rates seen in April.

According to Freddie Mac, the average commitment rate for a 30 - year, conventional, fixed - rate mortgage rose to 3.90 percent in October (matches highest rate since June) from 3.81 percent in September.

Typical loan products are 15 year fixed rate mortgage and 7/1 or 5/1 ARM that can be amortized over 15 or 30 years with a matching maturity.