What are ARM Rates (ADJUSTABLE-RATE MORTGAGES)?

What is an ARM Rate? And why are people talking about ARM Rates?

The interest rate for adjustable-rate mortgages changes periodically. You might start with lower monthly payments than you would with a fixed-rate mortgage, but fluctuating interest rates will likely make those monthly payments rise in the future.

The last changes in FED rates could really affect these mortgages so if you are thinking of refinancing, we can be your title company!

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