Washington Homebuyers Bet on ARMs Amid High Prices
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Homebuyers in Washington state, especially in King County, are opting for adjustable-rate mortgages due to high home prices and mortgage rates. These loans offer lower initial rates, saving borrowers hundreds monthly. Despite risks, experts note todays adjustable-rate mortgages are safer than those from the 2008 crisis. With median homes in King County nearing one million dollars, these loans make payments more manageable for high-income buyers.
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