When it comes to buying a home, choosing the right mortgage is just as important as picking the right property. In today’s evolving market, buyers are asking: Should I lock in a fixed rate or go with an adjustable mortgage? Let’s break down both options and help you make a smart decision this May.

📌 Fixed-Rate Mortgages: Stability You Can Count On

A fixed-rate mortgage means your interest rate stays the same for the life of the loan—whether it’s 15, 20, or 30 years.

✅ Pros:

• Predictable monthly payments make budgeting easier.

• Protection against future interest rate hikes.

• Great for buyers planning to stay long-term.

🚫 Cons:

• Typically higher starting interest rates than adjustable loans.

• Less flexibility if you plan to move or refinance soon.

💡 Ideal for: Buyers who want stability and plan to stay in their home for at least 5–7 years.

🔄 Adjustable-Rate Mortgages (ARMs): Flexibility and Potential Savings

An ARM starts with a lower interest rate for a set period (e.g., 5, 7, or 10 years) and then adjusts annually based on market trends.

✅ Pros:

• Lower initial monthly payments.

• Potential to save thousands in the first few years.

• Often appealing to short-term homeowners or investors.

🚫 Cons:

• Monthly payments can increase after the fixed period ends.

• Uncertainty if rates rise in the future.

💡 Ideal for: Buyers who plan to move, upgrade, or refinance within a few years.

📊 What’s Happening in May 2025?

Interest rates remain a hot topic this spring. While they’ve stabilized somewhat, future fluctuations are possible. That’s why it’s more important than ever to understand your financial goals and how long you plan to stay in your home.

“In today’s market, the right mortgage isn’t just about interest rates—it’s about lifestyle, flexibility, and long-term vision.”

💬 Final Thoughts: Fixed or Adjustable?

Choosing the right mortgage depends on your timeline, budget, and comfort level with risk. Whether you’re in it for the long haul or planning a short stay, the right guidance can make all the difference.

📞 Need help navigating your mortgage options? Let’s talk! Sold Realty Group is here to help you make informed, confident decisions on your journey to homeownership. Reach out today! 🏠✨