For Homeowners With Adjustable-Rate Mortgages, the Clock Is Ticking: Here’s What To Do

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For Homeowners With Adjustable-Rate Mortgages, the Clock Is Ticking: Here’s What To Do

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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