Consumer Mortgage News Free mortgage news for current and prospective borrowers from a leading online mortgage industry news publication.
ARMs Offer Attractive Alternative in Some Cases
Despite risks, adjustable-rate mortgages have their advocates
May 12, 2011
By AL HEAVENS The Philadelphia Inquirer - McClatchy-Tribune Information Services
Some mortgage professionals advise prospective borrowers that adjustle-rate mortgages don't make sense while fixed rates are so low. But ARMs can be a better option in some situations, including for homebuyers who plan to move quickly.
This wire news service story is no longer available.