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2. Adjustable rate mortgages, a mortgage product that was
developed in the early 80’s as an answer to mortgage rates
that were in the upper teens, have enjoyed a checkered
reputation in the US
Adjustable rate mortgages are virtually the only type of
mortgages available in many countries of the world and offer
tremendous flexibility as consumers and lenders “share the
risk” of interest rate fluctuations.
Mortgage rates are constantly fluctuating and with the
prediction that rates will be going up, now may not be the time
to consider how to get an adjustable rate mortgage unless you
are considering a short term stay in the house
Adjustable Home Loan Mortgage Rate
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Adjustable Home Loan Mortgage Rate