For example, a 7/1 ARM (adjustable-rate mortgage) has a set rate for the initial 7 years then adjusts annually for the remaining life of the loan (loan term), while a 30-year fixed-rate mortgage has a rate that stays the same over the loan term.
3 hours ago30-year refinance rates. The average 30-year mortgage refinance loan rate today is 3.259%, down 0.007% from yesterday's average of 3.266%. A refinance loan at today's average rate would come with ...
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