June 1, 2015 | 0 Comments. The G4 Experience: A Special Q & A with George C. Fraser and Veronica Conway Join us today Monday 11/3 for a special conference call.
What is an 'Adjustable-Rate Mortgage - ARM'. An adjustable-rate mortgage is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. Normally, the initial interest rate is fixed for a period of time, after which it resets periodically, often every year or even monthly.
Home Equity Lines of Credit and Adjustable Rate Loans. The Fed funds rate guides adjustable rate loans. These include home equity lines of credit and any variable rate loans. Rates on home equity lines of credit will rise to 5.5% in 2017. Unfortunately, locking in a fixed rate won't help. Banks are charging 6.2% interest on those.