ARM Revival

Diana Olick notes that borrowers seem to be turning to ARMs as interest rates move up. After hovering around record lows for the past few years, mortgage rates are rising dramatically. That has consumers not only shopping more but also considering adjustable rate mortgages, which offer lower rates and lower monthly payments. Unfortunately she only [...] View the full post at: ARM Revival Related posts: Resets to Drive Up the Foreclosure Supply U.S. Real Estate Cautiously Showing Early Revival Signs Low Down Payments for FHA Loans Have Been Around for Awhile