Homeowners with adjustable-rate mortgages worry about rising interest rates, but many believe they will be able to refinance their loans if necessary, according to a study released Monday.
An survey of homeowners conducted for Wells Fargo & Co., the San Francisco-based bank, found that about one in seven respondents had an adjustable-rate mortgage, or ARM.
With an ARM, the interest rate rises or falls, often in lockstep with an underlying security such as a Treasury bond.
Tags: Homes for Sale, Real Estate, Mortgages, Realtors, MLS, Multiple Listing Service
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Comment by lizbeth — November 3, 2006 @ 7:01 am
Dave…
Interesting topic… I’m working in this industry myself and I don’t agree about this in 100%, but I added your page to my bookmarks and hope to see more interesting articles in the future…
Trackback by Mls Search — November 23, 2006 @ 12:02 am