Adjustable-rate mortgage vs. fixed-rate mortgage: Which one is better for you?

The face-off 

It’s powerful on the market for homebuyers. The median U.S. dwelling worth simply broke the $400,000 mark for the primary time ever (it’s at $407,600 to be precise, up 14.8% from a 12 months in the past, in line with the most recent figures). On high of that, the price of a 30-year mounted fee mortgage has gotten a lot pricier too, with charges hovering to five.51%, up from 2.88% a 12 months in the past.

Though…