Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise
Pro Builder
APRIL 1, 2022
Adjustable-rate mortgages are considerably cheaper than fixed-rate mortgages for the first three to seven years of homeownership, but their flexibility can also cost homeowners down the road, according to Realtor.com. But mortgage rates are largely forecast to keep rising, so that will likely be seen in their monthly payments down the line.
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