Adjustable-rate mortgages are going through a transition that introduces a new index, new rules and new terminology. As a result, an ARM you get today is likely to differ from ARMs of the past. And if you have an ARM now, changes are coming to your loan. This article explains why and how ARMs are...
The article SOFR ARMs Are Here: What the New Index Means for Your Mortgage originally appeared on NerdWallet.
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