Which is better -- a fixed-rate mortgage or an adjustable-rate mortgage (ARM)? It's a common question among home buyers and refinancing households. The answer? It depends. Fixed-rate mortgages offer the certainty of a known, unchanging principal and interest payment for the life of the loan. This stability can aid in budget-setting and financial planning, providing homeowners with a sense of security and peace of mind. On the other hand, adjustable-rate mortgages do not provide the same level of … [Read more...]