Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments
Robert R. Johnson
Homeowners should start researching mortgage rates and refinance out of ARMs and lock into a fixed rate, said McBride. The 0.25% rate increase equals to a payment of $0.25 for every $100 of debt.
Chang, Ellen, "Fed Hike Means Adjustable Rate Mortgages Will Rise and Increase Monthly Payments" (2015). In the News. 814.