More homebuyers are taking a chance on adjustable-rate mortgages, hoping rates will fall—here’s how to think about that bet
Summary
Rising numbers of homebuyers are choosing adjustable-rate mortgages to secure lower initial borrowing costs. Borrowers making this choice are banking on future interest rates dropping before their loan terms adjust.
More homebuyers are betting on adjustable-rate mortgages for a lower rate today. Here’s how to decide if one makes sense for you.
Source: Read the full story at US Top News and Analysis
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