Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise
Pro Builder
APRIL 1, 2022
“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. But mortgage rates are largely forecast to keep rising, so that will likely be seen in their monthly payments down the line.
Let's personalize your content