Understanding Adjustable Rate Mortgages When Rate Are Rising

The Federal Reserve has raised interest rates five times in the past two years. Hearing that additional rate hikes are on the horizon, consumers with Adjustable Rate Mortgages (ARMs) are feeling anxious about how the rate hikes will impact their monthly payment once the initial low interest rate reaches the end of the term. Continue reading “Understanding Adjustable Rate Mortgages When Rate Are Rising”