Tuesday, January 7, 2014

Adjustable-rate mortgages regain popularity as prices, rates rise

Adjustable rate mortgages popular during the boom years fell out of favor after the crash. They are back and regaining popularity.

adjustable-rate mortgage
noun
plural noun: adjustable-rate mortgages
  1. 1.
    a mortgage whose rate of interest is adjusted periodically to reflect market conditions.

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