ARMs are home loans whose rates can vary over the life of the loan. Unlike a fixed-rate mortgage, which carries the same interest rate over the entirety of the loan term, ARMs start with a rate that’s ...

The Greenback is softening earlier gains, turning either flat or marginally stronger against most major peers.

Via arbitrage, the yield on a long-term bond should equate to investors’ expectations of the average federal-funds rate over ...