Adjustable-rate mortgages are gaining in popularity. Here’s how to know if one is right for you

Econ & Housing

Lifestylevisuals | E+ | Getty ImagesAdjustable-rate mortgages are making a comeback.With interest rates surging, more buyers are turning to ARMs, which offer lower initial rates than fixed-rate loans. However, after a certain period, the rate on the ARM adjusts to reflect current market conditions.”You have double the number of borrowers out there applying for ARMs…

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