A recent survey by U.S. News & World Report reveals that 43% of homebuyers who took out an adjustable-rate mortgage (ARM) in 2022 regretted their decision, Realtor.com reports. ARMs offer buyers a fixed mortgage interest rate that is typically lower than a 30-year fixed-rate loan, for a period of several years. The rate then resets
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Nearly Half of All Homebuyers Who Took Out Adjustable-Rate Mortgages Are Regretting Their Decisions
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