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If you have clients in adjustable-rate mortgages, they might have already seen whatever benefit they could get.
While interest rates in the U.S. were low, hordes of homeowners watched their property values soar. These days, though, rising interest rates seem to be slowing the run-up in real estate. What will happen next? In this first part of a two-part series, Wharton professors and experts assess the near future of residential real estate.
The Federal Reserve has taken what many believe is a temporary pause in the interest rate hikes it began back in 2003. But that won't be much comfort to mortgage holders who signed up for adjustable-rate mortgages (ARMs) set to readjust this year, particularly those who signed on for interest-only mortgages.
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