Mortgage myth: Are 30-year fixed loans better than ARMs? MYTH: A 30-year mortgage with a fixed interest rate is always the most desirable option when buying a home. truliavisuals Read more on San Jose Mercury News

Rate on 30-year fixed mortgage rises to 4.81 pct. Average rate on 30-year fixed mortgage increases to 4.81 percent on higher bond yields Read more on Bay News 9 Tampa Bay