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Adjustable-Rate Mortgages Get New Interest Amid Skyrocketing Rates
Posted
June 19, 2022
Views
10,137
Likes
112
Comments
40
Engagement
1.50%
June 19, 2022
10,137
112
40
1.50%
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5:25Now PlayingJust over a decade ago, the country was crippled by financial crisis fueled by homebuyers with loans they couldn’t afford and adjustable-rate mortgages that allowed them to overextend. When their rates rose, millions went into foreclosure but with today’s housing market and rising interest rates, many buyers are turning to an old familiar tool. NBC’s Vicky Nguyen reports in this week’s Sunday Focus.
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