Considering an adjustable rate mortgage? Be sure you fully understand the risks

Econ & Housing

Lifestylevisuals | E+ | Getty ImagesWhen interest rates rise, it’s common for some homebuyers to explore whether an adjustable rate mortgage would make sense for them.With an ARM, as it’s called, the appeal is its lower initial interest rate compared with a traditional 30-year fixed-rate mortgage. Yet down the road, that rate can change, and…

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