Dec. 17, 2008 -- For many homeowners with adjustable-rate mortgages, falling interest rates may mean the ability to avoid higher monthly payments when it becomes time for the ARM to reset. Are you one of these homeowners?
Do you have an ARM that you're concerned will reset to a higher monthly payment? Now that the Federal Reserve has lowered interest rates to nearly zero, can you stop worrying about what's happening to your ARM?
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