The Math Is Changing For Fixed Rate Vs. Adjustable Rate Comparisons

After running neck-and-neck throughout the first three quarters of 2007, interest rates are now diverging for fixed-rate and adjustable-rate mortgages. At present, 3-year, 5-year and 7-year ARMs are now between a quarter and a half percent lower than 30-year fixed-rate mortgages for conforming home loan products. This equates to a savings of roughly $30 per $100,000 borrowed per month. If you're in a 30-year fixed mortgage right now and aren't sure if that product fits your long- and short-term financial...

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[Source: The Mortgage Reports Blog]