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What is an adjustable rate mortgage? If you’ve followed housing market news over the last four years you know that this type of mortgage has been largely responsible the real estate crisis nationwide.

Adjustable Rate Mortgages have fallen below 4% leading to low payments for home owners.

Adjustable rate mortgages (ARM) are those that carry an interest rate that changes to reflect market conditions. If the interest rates in the market rise, so does the interest rates payable on the loan and vice verse.