ARM Articles

The Pennymac Mortgage Blog is where you'll find unbiased, useful info to help save you money, time and peace of mind during the mortgage process. If you have a mortgage or are about to get one, we think you'll find info here you can't always get elsewhere.


Mortgage rates have been at record lows for nearly two years. Learn what the Fed’s tapering is and what it can mean for rates in the foreseeable future.

Read more about The Fed Is "Tapering" — What This “Pit Stop” Means For Mortgages


When you are buying a new home or refinancing your existing home loan, it’s likely you’ll be introduced to a wide variety of mortgage types. While it may seem logical for some to select a mortgage based on what friends or family have chosen, it’s actually most important to weigh whether or not a mortgage fits your individual lifestyle and future housing plans.

Read more about Everything You Want to Know About Adjustable-Rate Mortgages


UPDATE — The U.S. Federal Reserve once again announced that the federal funds rate would remain at near-zero levels.*

Read more about Your Guide to the Federal Reserve and Mortgages


When it comes to comparing mortgage lenders, many new homebuyers confuse the annual percentage rate (APR) with the interest rate. In truth, these rates measure two very different things. Understanding the role that each of these numbers play in the total cost of your mortgage isn't only important for personal knowledge, it could save you thousands of dollars over the life of your loan.

Read more about APR vs. Interest Rate: What's the Difference?