Mortgage Minute: The Rise of Adjustable-Rate Mortgages

2022-06-28T22:35:38+00:00June 28th, 2022|Tags: , , , , |

Have you ever been at the water cooler and heard someone talk about adjustable-rate mortgages (ARMs)? The ARM is becoming more popular in the current market due to rising rates on traditional fixed-rate mortgages. But what is an adjustable-rate mortgage? An adjustable-rate mortgage defined ARMs have an interest rate that fluctuates throughout the loan's