, Columnist
In Defense of Adjustable-Rate Mortgages
They get a bad rap as being risky, but real-world evidence vindicates them.
Rule of thumb: If you can afford it with a fixed rate, you can afford it with an adjustable rate.
Photographer: Ron Antonelli/BloombergThis article is for subscribers only.
I’m listening to “Bad Day,” and adjustable-rate mortgages seem to be getting more popular. It must be 2006. Can’t wait to see what happens on the next episode of “Lost.”
No, wait, that’s my Spotify feed, not the radio. It’s 2017, and we finally seem to be pulling out of our decade-long economic megrims. So you might wonder why people seem so eager to repeat the mistakes of the past.