Adjustable-Rate Mortgages Are Probably Still a Bad Idea

October 18, 2022

Yahoo!Life, Oct. 18, 2022–Rachel Fairbank
An adjustable-rate mortgage is a gamble that either interest rates will drop in the future, making it possible to refinance at a lower monthly payment, or that their personal income will rise in the future, making it possible to pay a higher monthly rate if or when the rate on the loan rises.
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