Adjustable-Rate Mortgages (ARMs)

Many homeowners who took out adjustable-rate mortgages (ARMs) in 2016 are facing significantly higher monthly payments this year as interest rates have increased. ARMs can offer temporary relief but come with the risk of rates adjusting periodically based on market conditions.

Impact of Rising Interest Rates on Mortgage Payments

A small but mostly affluent group of Americans who bought homes since 2019 with adjustable-rate mortgages are facing skyrocketing mortgage payments as interest rates rise.