The Money-Saving Mortgage That Isn’t Working Right Now

Wall Street Journal, July 10, 2023–Veronica Dagher (subscription)
An adjustable-rate mortgage will save home buyers little, if any, money right now. When 30-year fixed-mortgage rates go up like they are now, borrowers tend to flock to ARMs because they can help them pay less in the early days of homeownership or potentially make a larger offer on a house. ARMs start with low rates and then adjust higher years down the road.
https://www.wsj.com/articles/the-money-saving-mortgage-that-isnt-working-right-now-17af6eff