Mortgage Monitor

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LIBOR pushes ARM rates higher, borrowers brace for impact

Aug 13, 2018By

As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come.

3d rendering of a row of luxury townhouses along a street

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