As tempting as low initial ARM rates may be, homeowners should understand the risks before refinancing into these loans.
Positive developments for the economy in early November may not be so positive for anyone planning to get into the mortgage market.
The budget stand-off may already have caused harm to mortgage rates and the economy, which would particularly hurt refinancing opportunities.
The rising interest rate environment may have some silver linings for would-be home buyers.
After a sudden increase, mortgage rates have settled into a period of calm, but economic developments could soon spark another wave of changes.
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