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Adjustable-rate mortgages are on the rise

Location
Seattle, Portland, San Francisco
Publish Date
2022/10/02

As interest rates shoot up, some buyers are turning to adjustable-rate mortgages, known as ARMs, This is to bring down housing costs and mortgage payments. There’s a chance that it could be lower if rates at the time are low. But there is also the possibility that a buyer’s monthly payment could jump.

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