Recently, the Federal Reserve raised interest rates by a quarter point. With up to six more rate increases earmarked through the end of the year, homeowners with an adjustable rate mortgage (ARM) will likely begin scrambling to convert to fixed-rate loans, while new homebuyers will jump on purchasing a home sooner rather than later to lock-in lower loan rates. Here are a few things homeowners should know about fixed-rates v. ARM.
Original article: https://www.reviewjournal.com/homes/advertising-features/mortgage-tips-for-homeowners-and-buyers-2552075/
