Tuesday, May 31, 2011

Up in ARMs at the Wall Street Journal

This piece for the Wall Street Journal was finished a couple weeks ago, but the story was held over 'til this past week, when it ran in the Weekend edition. The article explains how some people are reconsidering ARMs (adjustable rate mortgages), now that their interest rates are much lower than those of fixed rate mortgages. However, it's a gamble, as interest rates could jump up in the next few years while the mortgage is still being paid off.

Read the whole article here. Thank you, Keith!

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