Do you have an adjustable rate mortgage? The clock is ticking, here’s what you need to do now

Do you have an adjustable rate mortgage? The clock is ticking, here's what you need to do now

Today’s high interest rates have created a ticking time bomb for many homebuyers who took out an adjustable-rate mortgage near the start of the COVID-19 pandemic. About 330,000 homeowners who took out an ARM in 2019 have already seen their five-year fixed-rate term end, and another 100,000 will join them next year, according to ICE … Read more