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Adjustable-rate mortgage

Rising interest rates increase the appeal — and the risk — of ARMs

by Justin Ho
May 24, 2022
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
The number of applications for adjustable mortgages has increased 22% over the last year, per the Mortgage Bankers Association.
Joe Raedle/Getty Images
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