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Thousands of homeowners are about to get slammed with higher monthly payments

Summary by Ground News
Tens of thousands of homeowners are about to get slammed with higher monthly payments. Intercontinental Exchange said about 102,000 homeowners who bought five-year adjustable rates will face a reset in the next 12 months.

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CNNCNN

Thousands of homeowners are about to get slammed with higher monthly payments

ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk.

·Atlanta, United States
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The Mercury newsThe Mercury news

Why thousands of homeowners are about to get slammed with higher monthly payments

For many American homeowners who took out ARM loans five years ago, before interest rates shot up to a four-decade high, a shock is coming.

·San Jose, United States
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Albany HeraldAlbany Herald

Thousands of homeowners are about to get slammed with higher monthly payments

(CNN) — Last year, when Jennifer Hernandez received notice that the mortgage payments on her Houston home would jump about $2,000 per month, she was stunned.

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wctv.tvwctv.tv

Thousands of homeowners will face higher mortgage payments in the next year

This comes as potential home buyers face one of the most unaffordable housing markets in decades.

·Tallahassee, United States
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WDAM 7WDAM 7

Thousands of homeowners will face higher mortgage payments in the next year

This comes as potential home buyers face one of the most unaffordable housing markets in decades.

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KKTV 11 NewsKKTV 11 News

Thousands of homeowners will face higher mortgage payments in the next year

This comes as potential home buyers face one of the most unaffordable housing markets in decades.

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