Fixed-rate mortgages are a better deal right now as adjustable-rate loans become more expensive

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Loan officer Darrin English told Business Insider homeowners should probably stay away from adjustable-rate mortgages right now.

Fixed rates have been the better option when you're buying your forever home, because fixed-rate mortgages are the more stable type of loan.

"Investors really don't want a 5/1 ARM on their books," Darrin English, Senior Community Development Loan Officer at Quontic Bank , told Business Insider about why the trends are shifting.

If you get a fixed-rate mortgage instead, then the lender benefits from the increased likelihood of keeping your business until you've paid off the loan completely.

"I can't see one good reason why someone would choose to go with an ARM versus a 30-year fixed rate in today's market," English said.

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