![For Homeowners With Adjustable-Rate Mortgages, the Clock Is Ticking: Here’s What To Do](https://i0.wp.com/thewealthbuilderz.com/wp-content/uploads/2024/07/43100-for-homeowners-with-adjustable-rate-mortgages-the-clock-is-ticking-heres-what-to-do.jpg?fit=1280%2C720&ssl=1)
Today’s high interest rates have created a ticking time bomb for the many homebuyers who took out an adjustable-rate mortgage near the onset of the COVID-19 pandemic. About 330,000 homeowners who got an ARM in 2019 have already seen their five-year fixed-rate term end, and 100,000 more will join them in the next year, according
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