Dwight Moreland had been suffering from a bad back and living off his savings for more than five years when he finally gave up hopes of keeping his Grand Prairie home. In May, the 55-year-old and his wife talked to lenders about selling, then buying ... Moreover, asking your lender whether a if fixed or adjustable is important when you're on the look out for the best mortgage rate. Remember that adjustable rates, despite their low interest rates, might not have the best mortgage rates. Adjustable rate mortgages only have low interest rates in their first year, after which, rates either tend to go up or go down.
