Myth Busted: Relationship Between ARM and Fixed-Rate Mortgages

There are a lot of mortgage myths that Americans confuse for truth. One of them is that adjustable-rate mortgages always carry lower rates than fixed-rate mortgages. As the chart shows us, that's false. But even when ARMs are lower than fixed-rate, that doesn't mean they're the better "low payment"...

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[Source: The Mortgage Reports Blog]