Variable mortgage rates are going up — here’s how you can prepare

If you’re not at a fixed rate, you might get hit hard.

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By Chris Middleton Aug. 31, 2022

Inflation is rising and benchmark interest rates have increased for the second time this year. Anyone with an adjustable-rate mortgage is likely feeling the pressure.

If you haven’t been keeping tabs on all the options concerning your mortgage — like refinancing at a fixed rate — you may be missing out on major savings.

Luckily, AmeriSave can help you get up to speed on making the best of your mortgage.

Your mortgage made simple

AmeriSave has been helping borrowers reach their home ownership goals through refinancing and purchasing for over 20 years.

Their platform uses a hybrid of professional expert insights from real people and advanced technology to process your loans faster and significantly reduce your costs.

Their experts are always on hand to guide you through the process, so you don’t have to worry about how to get the best mortgage rate on your own.

What are mortgage rates today?

Compare current mortgage rates from top national lenders. Get the best rate for your purchase or mortgage refinance.

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Get started in just 3 minutes

AmeriSave can help you refinance your mortgage for as low as 4.187% APR. It only takes a few minutes to get pre-approved and bring you one step closer to finding the perfect loan option.

This service is easy to use and trustworthy — AmeriSave is a five-star Zillow lender, and nearly 100% of customers say they would recommend it to their friends and family.

Don’t wait to refinance

As economic experts are predicting that interest rates will continue to rise, your optimal mortgage refinancing options are decreasing.

If you’ve kept a good credit score, lowered your credit-to-debt ratio since your initial mortgage and are able to take on a shorter-term lease, your chances of refinancing your mortgage for a better result are looking good.

Try AmeriSave

Secure your retirement with a reverse mortgage

If you’re low on cash savings and investments but have wealth in your home, a reverse mortgage is a great option for covering retirement expenses.

Mutual of Omaha is a trusted insurance provider that helps you make the most of your home equity.

About the Author

Chris Middleton

Freelance Writer

Chris Middleton is a freelance writer at MoneyWise. He’s written for CBC News, blogTO, Parton and Pearl and a number of other places. He has a Master’s in Creative and Critical Writing from the University of Gloucestershire.

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