With stubbornly high interest rates, some are reconsidering adjustable-rate mortgages
· npr.org · popularity 32/100 · 0 similar stories today · Economy & Markets (Money, Markets & Investing)
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Summary
With the rates for 30-year fixed-rate mortgages at 7% or more, is it time to reconsider the far less popular adjustable-rate mortgage? New analysis shows that ARMs have paid off for borrowers.
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