Adjustable Rate Mortgages - What Are Some Considerations?

adjustable rate mortgages are going to become more into the forefront of people's minds as a way to potentially get in homes that we're not able to get into. Right now, if you look at the rates on adjustable rate mortgages, right now the average is about 6.15%, which is lower than fixed rate mortgages on fixed rates. Realize any home purchase. I don't want you guys to even consider making an offering unless you can be in that house five to seven years. You really do need to be thinking more longer term,. Don't just go with the default process.