Are Adjustable Rate Mortgages Back?
As we have all seen in the past few months, interest rates have started to rise. Once in the 3.5% range, a traditional 30 year fixed mortgage rate will be closer to 4.5%. Although this is still an excellent rate, it has been a shock to many home owners and potential buyers. So, is it time to start considering adjustable rate mortgages? Unfortunately, ARMs are held responsible for t… read more