Local News
Buyer beware: Adjustable rate mortgages making a comeback
You might remember that adjustable rate mortgages played a big role in the housing crash of 2008. They've been out of favor ever since. But with prices and interest rates now rising rapidly, they're starting to make a comeback. A local lender says they might be the right choice for some, but buyer beware.
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You might remember that adjustable rate mortgages played a big role in the housing crash of 2008. They've been out of favor ever since. But with prices and interest rates now rising rapidly, they're starting to make a comeback. A local lender says they might be the right choice for some, but buyer beware.
Reporter : Laura LesliePhotographer : Rick Armstrong
Web Editor : Heather Leah
Posted 2022-04-29T19:13:16-0400 - Updated 2022-04-29T19:13:16-0400
