As market recovers and rates rise, ARMs make comeback

08/5/2013 | Bloomberg Businessweek

Adjustable-rate mortgages, a popular product during the real estate boom, are returning as borrowers bet on home values having bottomed out. "We've seen a shift in the way people look at adjustable-rate mortgages," said Cameron Findlay, chief economist of Discover Financial Services' home-loan unit. "They're still skeptical about using ARMs, given the role they played in the financial crisis, but the sticker shock of what fixed rates have done is making them look for alternatives."

View Full Article in:

Bloomberg Businessweek

Published in Briefs: