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2. What is a 10/1 adjustable-rate mortgage (ARM)? - AOL

   www.aol.com/finance/10-1-adjustable-rate...

   A 10/1 adjustable-rate mortgage (ARM) is a type of 30-year mortgage. Your initial interest rate is fixed for 10 years, and then it will change once a year for the rest of the loan term.

3. 10/1 or 10/6 ARM vs. 30-year fixed-rate mortgage - AOL

   www.aol.com/finance/10-1-10-6-arm-184112490.html

   With a 10/1 or 10/6 ARM, you’ll have a fluctuating interest rate after a set introductory period, while with a 30-year fixed-rate mortgage, the rate never changes.

4. Adjustable-rate mortgages: What they are and how they work - AOL

   www.aol.com/finance/adjustable-rate-mortgages...

   While fixed-rate mortgages keep the same rate and payment for the life of the loan, adjustable-rate mortgages (ARMs for short) have fluctuating rates that change how much you pay.

5. Fixed vs. adjustable-rate mortgage (ARM): What’s the ... - AOL

   www.aol.com/finance/fixed-vs-adjustable-rate...

   A fixed-rate mortgage has the same interest rate for the life of the loan, so your monthly loan principal and interest payment won’t change unless you refinance. Fixed-rate mortgages typically ...

6. Guide to FHA adjustable-rate mortgages - AOL

   www.aol.com/finance/guide-fha-adjustable-rate...

   As of Nov. 28, 2023, the average interest rate for 5/1 ARM loans is 6.83 percent, compared to the average rate of 30-year fixed-rate mortgages at 7.81 percent, according to Bankrate’s survey of ...

7. Refinancing your ARM into a fixed-rate mortgage - AOL

   www.aol.com/finance/refinancing-arm-fixed-rate...

   If you’re nearing the end of your ARM loan’s initial fixed-rate period, you might be considering refinancing to a fixed-rate mortgage if your interest rate will adjust up significantly.