An East Bay Point Of View
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
.
a mortgage whose rate of interest is adjusted periodically to reflect market conditions.
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