What Is an Adjustable-Rate Mortgage, and Should You Get One?
With an adjustable-rate mortgage, you'll pay the same rate for the first few years. Then your rate will either go up or down periodically.
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With an adjustable-rate mortgage, you'll pay the same rate for the first few years. Then your rate will either go up or down periodically.
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For most of this year, fixed mortgage rates have been much lower than adjustable rates. But today's adjustable rates are worthwhile options.