Adjustable-Rate Mortgages are Making a Comeback. But Are These Loans Right for You?
Washington Post, May 2, 2019–Michele Lerner
Adjustable-rate mortgages, known as ARMs, are back, despite having earned a bad reputation at the height of the housing crisis. Post-crisis borrowers saw them as risky because of their changing interest rates and blamed the glut of foreclosures on the inability of homeowners to handle higher payments when the loans reset.
