Housing: Adjustable-rate mortgages are coming back

Yahoo! Money | May 18, 2022 The bad boy home loan from the foreclosure crisis is back.

Demand for adjustable-rate mortgages, or ARMs, hit a 14-year high last week, according to the Mortgage Bankers Association, as price-squeezed homebuyers sought out cheaper options to combat soaring borrowing costs.

But with interest rates rising, could these mortgages again become a problem like they did in the housing crash that preceded the Great Recession? No, experts say, because these are a more stringent loan than their predecessors, but they still may not be for everyone. Read more here.