Are more propeller blades better? Jeremy Kinney, a curator at the National Air and Space Museum, shares his thoughts. A sailor hoses down the propeller on a P-3 Orion during an aircraft wash on the flight line at Naval Air Station Whidbey Island, Washington.
There's the silly, the foolish and the completely harebrained. And then there's the adjustable rate mortgage -- ARM for short. Like unprotected sex or one more drink, it always seems like a good idea at the time. In an environment of only low and lower rates, an ARM has looked like a good idea for many years now.
Today's ARM Mortgage Rates Drop Below 3%. Along with fixed-rate mortgage rates, adjustable-rate mortgage rates are near new lows, too. Freddie Mac's weekly mortgage rate survey puts the 5-year adjustable-rate mortgage at 2.99% nationwide with just 0.4 discount points required at closing. The 5-year ARM and its low rate can be enticing, but it's important to understand how an adjustable-rate mortgage works before choosing one to finance your home.