ARMs gain popularity4 of 7With 30-year fixed-rate mortgages hovering just above historic lows, does it make sense to get an adjustable-rate mortgage?An estimated 10 percent of borrowers will opt for an ARM this year, according to a recent Freddie Mac survey of 112 lenders nationwide.In some cases, ARMs are certainly worth a look. Are they a good idea for you? For more, see "ARMs suit some, but what about you?"« Back to Mortgage trends. Related Articles:Celebs: Take my mansion!Why get a cash-in refi?Mortgage costs will riseBig mortgages cost moreRelated Links:Spoil home descriptionRich but foreclosedOutselling foreclosuresA home-buying checklist advertisement
With 30-year fixed-rate mortgages hovering just above historic lows, does it make sense to get an adjustable-rate mortgage?
An estimated 10 percent of borrowers will opt for an ARM this year, according to a recent Freddie Mac survey of 112 lenders nationwide.
In some cases, ARMs are certainly worth a look. Are they a good idea for you? For more, see "ARMs suit some, but what about you?"
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
Feeling lost in the mortgage wilderness?