Mortgage rates moved slightly higher in the past week, according to Freddie Mac. The 30-year fixed-rate home loan rose four basis points to 6.34%, while the 15-year fixed-rate gained six basis points to 5.55%. Both may be in for a move lower if Treasury rates continue to fall. The 10-year Treasury yield, a benchmark for mortgage rates, has been moving lower as worries of employment weakness and an extended government shutdown guide the bond market. Read more: How to buy a house in 13 simple steps Toda ...

Buying a house with an FHA loan already makes homeownership more accessible, thanks to its lower credit score and down payment requirements. But when you combine these government-backed loans with an adjustable-rate mortgage (ARM), you can make those first few years of homeownership even more affordable. How an FHA ARM works An FHA adjustable-rate mortgage combines two things: government-backed FHA financing and the features of an adjustable-rate loan. The Federal Housing Administration insures these lo ...