🎵 Donate any amount today and download 5 different Marketplace ringtones 🎵 Give Now

Rising interest rates increase the appeal — and the risk — of ARMs

May 24, 2022
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
The number of applications for adjustable mortgages has increased 22% over the last year, per the Mortgage Bankers Association.
Joe Raedle/Getty Images