Cotality, Irvine, Calif., released a new study, analyzing why more homebuyers are still opting for adjustable rate mortgages even as rates begin to drop.
Tag: ARMs
Point Survey: 70% of Homeowners with Adjustable-Rate Mortgages Regret It
More than two-thirds of homeowners who have taken out an adjustable-rate mortgage in the past 10 years regret it, according to a new study from home equity investment platform Point, Palo Alto, Calif.