Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise
Pro Builder
APRIL 1, 2022
As home prices and mortgage rates surge to new highs, some buyers are turning to adjustable-rate mortgages (ARMs) as a cost-friendly but risky home financing option. When ARMs first came out, one of the huge advantages of getting one was that your rate could go down,” says Rocke Andrews, a mortgage broker with Lending Arizona in Tucson.
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