ARMs Attractive but Risky for Homebuyers With interest rates for 30-year fixed-rate mortgages on the rise, many homebuyers are reconsidering adjustable rate mortgages, or ARMs. Initially, adjustable-rate loans can provide substantial savings. But some homeowners could find themselves with higher payments in the future, if interest rates continue to rise. NPR's Jack Speer reports.
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ARMs Attractive but Risky for Homebuyers

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ARMs Attractive but Risky for Homebuyers

ARMs Attractive but Risky for Homebuyers

ARMs Attractive but Risky for Homebuyers

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  • <iframe src="https://www.npr.org/player/embed/1922795/1922796" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

With interest rates for 30-year fixed-rate mortgages on the rise, many homebuyers are reconsidering adjustable rate mortgages, or ARMs. Initially, adjustable-rate loans can provide substantial savings. But some homeowners could find themselves with higher payments in the future, if interest rates continue to rise. NPR's Jack Speer reports.